Rubico Inc.
Rubico is an international owner and operator of crude oil tankers. Its fleet includes two 157,000 dwt Suezmax vessels, the M/T Eco Malibu and M/T Eco West Coast, both employed on time charters with Clearlake. Rubico earns money by chartering vessels for agreed daily rates. It also holds a contract for a 47,499 dwt chemical/product oil carrier under construction, which has a time charter agreement with Trafigura to begin upon delivery, scheduled for the fourth quarter of 2029. Rubico’s fleet manager provides technical, commercial, operational, insurance, bunkering and crew management, as well as accounting, reporting and administrative services. The company is headquartered in Athens, Greece.
No SEC Form 4 filings for $RUBI in the last 30 days.
See all $RUBI insider activity →Rubico Inc. reported Q3 2026 net income of $1.4M, up from $0.5M a year earlier, with revenue at $5.4M. Nine-month net income fell to $0.3M from $4.5M. The company plans to acquire two tanker newbuildings, pending completion. Investors await the acquisition's finalization and vessel deliveries.
Rubico (RUBI) announced it will acquire two companies that own newbuilding medium range tankers. The deal is subject to shareholder approval and other conditions. The acquisition aims to expand Rubico's fleet and capabilities in the tanker sector.
Rubico Inc. (RUBI) agreed to acquire two MR tankers for $14.5 million, increasing its potential revenue backlog by 40% to $523.1 million. The vessels, with 7-year charters from Trafigura, are set for 2028-2029 delivery. Financing includes sale and leaseback terms. The deal, expected to close by March 2027, was approved by an independent committee.
Over the past 7 days, AlphAI's AI scored 5 news stories mentioning RUBI (Rubico Inc.). Coverage has skewed bullish: 3 bullish, 1 neutral, and 1 bearish.
Recent RUBI coverage spans mergers & acquisitions, corporate actions and financial news.
Earnings beat on net income but revenue miss; acquisition adds future capacity.
Rubico (RUBI) announced it will acquire two companies that own newbuilding medium range tankers. The deal is subject to shareholder approval and other conditions. The acquisition aims to expand Rubico's fleet and capabilities in the tanker sector.
The deal expands Rubico’s fleet and long‑term charter revenue, likely supporting the stock.
The reverse split will reduce share count and raise the per‑share price, aiming to keep the stock listed on Nasdaq.
Rubico Inc. (RUBI) has secured $8.5M in gross proceeds from issuing $9.44M in senior convertible notes and warrants, with a 10% original issue discount. The notes carry 8–10% interest, a 12-month maturity, and a fixed conversion price of $0.3646, according to the company. The closing is expected on October 19, 2026.
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Rubico Inc. reported Q3 2026 net income of $1.4M, up from $0.5M a year earlier, with revenue at $5.4M. Nine-month net income fell to $0.3M from $4.5M. The company plans to acquire two tanker newbuildings, pending completion. Investors await the acquisition's finalization and vessel deliveries.
Rubico (RUBI) announced it will acquire two companies that own newbuilding medium range tankers. The deal is subject to shareholder approval and other conditions. The acquisition aims to expand Rubico's fleet and capabilities in the tanker sector.
Rubico Inc. (RUBI) agreed to acquire two MR tankers for $14.5 million, increasing its potential revenue backlog by 40% to $523.1 million. The vessels, with 7-year charters from Trafigura, are set for 2028-2029 delivery. Financing includes sale and leaseback terms. The deal, expected to close by March 2027, was approved by an independent committee.
Rubico (RUBI) will implement a 1-for-25 reverse stock split on October 30, 2026, reducing its outstanding shares from 13.52M to ~540,694. The move aims to boost its stock price and meet Nasdaq's listing requirements.
Rubico Inc. (RUBI) has secured $8.5M in gross proceeds from issuing $9.44M in senior convertible notes and warrants, with a 10% original issue discount. The notes carry 8–10% interest, a 12-month maturity, and a fixed conversion price of $0.3646, according to the company. The closing is expected on October 19, 2026.
Rubico Inc. (RUBI) completed the acquisition of a special purpose vehicle (SPV) holding a contract for an MR tanker, with a 7-year charter secured. The tanker is expected to be delivered in Q2 2029, and the deal adds approximately $374.6M to the company's potential gross revenue backlog, assuming all options are exercised.
Benzinga Pro highlights energy-sector stocks trading near oversold RSI levels. It cites Rubico (RUBI) with an RSI of 19.8 after a $25 million at-the-market common share offering filing, Recon Technology (RCON) with RSI 21.2 after a $100 million at-the-market equity program, and Vivakor (VIVK) with RSI 28 after a strategic collaboration with M2i Global.
Rubico Inc. (Nasdaq: RUBI) agreed to buy an SPV from Top Ships Inc. tied to a 47,499 dwt MR tanker newbuilding contract with Guangzhou Shipyard and China Shipbuilding Trading. Purchase price is about $6.25 million, closing by Sept. 30, 2026. Delivery is Q3 2029; 7-year time charter. Potential gross revenue backlog rises to about $305 million.
Rubico Inc. (Nasdaq: RUBI) said it will divest its 60-meter megayacht under construction and exit the megayacht sector to redeploy capital to its core tanker business. The company expects gross cash proceeds of about €30-€35 million and to eliminate a €26.5 million pre-delivery capital commitment. Delivery is targeted for Q2 2027.
Rubico Inc. (Nasdaq: RUBI) said its board approved a 1-for-25 reverse stock split of its common shares, effective at the opening of trading June 26, 2026. Shares will trade on a split-adjusted basis under the same symbol. About 15.13M shares outstanding will drop to ~605,040, with fractional holders paid cash. The company said the move aims to raise the stock price to maintain Nasdaq compliance.
