Acquiring Company
Rubico
Acquired Company
Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships
AthensGreeceTransportationLogisticsManufacturingOil And GasAutomotiveLogisticsDescription
Rubico Inc. has entered into a share purchase agreement to acquire 100% of two SPVs from related party Top Ships Inc. for $14.5 million, payable in cash or Series G preferred shares. Each SPV owns an MR tanker newbuilding with a seven-year Trafigura time charter, adding about $150.9 million to the contracted revenue backlog. The deal is expected to close by March 31, 2027, subject to customary conditions.
Quick answer
Rubico is acquiring Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships, announced November 10, 2026. Rubico is based in Athens, Attica, Greece.
- Who acquired Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships?
- Rubico agreed to acquire Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships on November 10, 2026.
- How much did Rubico pay for Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships?
- The deal value was not disclosed.
- What does Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships do?
- The two special purpose vehicles are shipowning companies, each owning a 47,499 dwt chemical/product oil carrier under construction at Guangzhou Shipyard International.
- What does Rubico do?
- Rubico Inc.
- Where are Rubico and Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships based?
- Rubico is based in Athens, Attica, Greece. Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships is based in Greece.
Source: Fundz verified event record.
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Frequently asked
Who acquired Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships?
Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships was acquired by Rubico, based in Athens. The deal was reported on November 10, 2026. Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. Rubico is publicly traded (RUBI) and operates in Transportation.
When did Rubico acquire Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships?
Rubico's acquisition of Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships was reported on November 10, 2026. Rubico Inc. has entered into a share purchase agreement to acquire 100% of two SPVs from related party Top Ships Inc. for $14.5 million, payable in cash or Series G preferred shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Two shipowning SPVs (Newbuilding MR Tanker owning companies) of Top Ships do?
The two special purpose vehicles are shipowning companies, each owning a 47,499 dwt chemical/product oil carrier under construction at Guangzhou Shipyard International. Each has a time charter with Trafigura Maritime Logistics Pte Ltd. It is privately held, operating in Manufacturing, and is based in Greece.
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