Rubico targets five-ship MR fleet with latest Top Ships newbuild swoop

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Nasdaq-listed Rubico has agreed to acquire two companies holding contracts for 47,499-dwt product and chemical tanker newbuildings from Top Ships in a $14.5 million deal. The transaction adds to Rubico’s planned five-vessel medium-range fleet and continues a reshuffle of tanker orders linked to Evangelos Pistiolis.

Nasdaq-listed Rubico has struck a deal to take another two MR tanker newbuildings from Top Ships in a $14.5m deal, continuing the reshuffle of Evangelos Pistiolis-linked tanker orders in China. The Athens-based owner is buying two special-purpose companies holding shipbuilding contracts for 47,499 dwt product and chemical tankers at Guangzhou Shipyard International (GSI). The vessels …