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Rubico signs LOI to acquire a new MR tanker with a 7-year charter at $18,750/day, delivery in 2029

Company Fundamentals
24 Jul 2026
GlobeNewsWire
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Bullish
pluang ai news

Rubico Inc. has entered a letter of intent to acquire a shipowning company linked to a new high-spec MR chemical/product tanker, scheduled for delivery in Q2 2029. The vessel is under a 7-year time charter agreement with Trafigura Maritime Logistics at a fixed rate of $18,750 per day. The acquisition includes a lease financing agreement covering 85% of the shipbuilding cost. Rubico will conduct due diligence until July 31, 2026, with no guarantee the deal will close. This move aligns with Rubico's strategy to expand its fleet with modern, fuel-efficient vessels.

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