Rubico closes acquisition of newbuilding MR tanker slated for 2029 delivery
RUBI•Rubico closed its acquisition of a company holding a contract to build a 47,499-dwt chemical/product MR tanker, scheduled for delivery in Q2 2029. The vessel has a seven-year time charter with an option to extend four years; potential gross revenue backlog from three newbuilding tankers totals about $226.3 million, including extension options.
1. Tanker acquisition
Rubico closed its acquisition of a company holding a contract to build a 47,499-dwt chemical/product MR tanker at Guangzhou Shipyard International. Delivery is scheduled for Q2 2029, and the vessel has a seven-year time charter from delivery with a major oil trader, plus an option to extend for four years. Potential gross revenue backlog from three newbuilding MR tankers totals about $226.3 million, including optional extension years; total potential backlog, including the operating fleet, is about $374.6 million if all extension options are exercised.
