Top Ships Inc. spun off two of its tanker vessels into a new publicly-traded company called Rubico Inc. According to the company, Rubico Inc. begun trading on the Nasdaq Capital Market on August 4, 2025, the first trading day after the date of the distribution, under the ticker “RUBI.”
TOP Ships had previously noted that the company intended to distribute 100% of Rubico’s common shares to its security holders of record as of June 16, 2025. A registration statement on Form 20-F has been filed and declared effective. Rubico’s initial assets will include the M/T Eco Malibu and M/T Eco West Coast, each a modern, high-specification, scrubber-fitted, fuel-efficient 157,000 dwt Suezmax tanker.
TOP Ships operates a fleet of technologically advanced, eco-efficient tanker vessels. With a young fleet, the company ensures operational efficiency, reduced environmental impact, and compliance with evolving regulatory standards. Its vessels are employed on time charters with high-quality counterparties, providing strong revenue visibility and stability.
The experienced TOP Ships management team, led by CEO Evangelos Pistiolis and CFO Alexandros Tsirikos, ACA, boasts decades of experience in all aspects of shipping and tanker operations.
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