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News  ›  GlobeNewswire Inc.

Rubico Inc. Announces Time Charter Extensions and Contracted Revenue Backlog of $120.8 Million

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Nikolaos Papastratis
Rubico Inc. Announces Time Charter Extensions and Contracted Revenue Backlog of $120.8 Million

Rubico Inc. extended time charter agreements for its two modern, fuel-efficient Suezmax tankers, securing a gross daily hire rate of $32,850 until January 2027 and $29,990 thereafter for 4 years, with a total contracted revenue backlog of $120.8 million.

Insights
RUBI   positive

Company secured long-term charter agreements with stable daily hire rates, extending revenue predictability and demonstrating business continuity