Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion

TOP Ships Inc. has agreed to acquire three high-specification ECO MR Product Tankers under construction, with time charter employment secured from an oil major for five years plus one optional year. The acquisition costs approximately $7.4 million and is expected to close by September 30, 2026. The three vessels represent approximately $140.6 million in potential gross revenue backlog, bringing the company's total potential gross revenue backlog across its fleet to approximately $929 million.

07/29/2026, 8:45 AM • GlobeNewswire

Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

Rubico Inc. announced the acquisition of a third newbuilding MR tanker from Top Ships Inc. through a share purchase agreement. The 47,499 dwt chemical/product oil carrier is scheduled for delivery in Q2 2029 and has secured a seven-year time charter with a major oil trader worth approximately $75.4 million in potential gross revenue. The acquisition increases Rubico's total potential gross revenue backlog to approximately $379.2 million, representing a 24% increase.

07/28/2026, 9:35 AM • GlobeNewswire

Top Ships Announces Filing of 2025 Annual Report on Form 20-F

TOP Ships Inc., an international owner and operator of modern fuel-efficient ECO tanker vessels, announced the filing of its annual report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The report is available on the company's website and the SEC website.

04/02/2026, 5:00 AM • GlobeNewswire

TOP Ships Inc. Announces Agreement to Acquire Nine ECO MR Product Tanker Newbuildings with Time Charter Employment and Potential Gross Revenue Backlog of about $679 million

TOP Ships Inc. has agreed to acquire nine Marshall Islands companies holding shipbuilding contracts for nine 47,499 dwt Medium Range product tankers from Guangzhou Shipyard International, scheduled for delivery in 2028-2029. The acquisition price is approximately $41 million, with lease financing from major Chinese leasing companies covering the majority of shipbuilding costs. All nine vessels have secured seven-year time charter employment with a major oil trader, generating a potential gross revenue backlog of about $679 million including optional extension years.

02/23/2026, 8:00 AM • Benzinga

Rubico Inc. Announces Acquisition of Newbuilding Mega Yacht

Rubico Inc. (NASDAQ: RUBI) has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc. that holds a shipbuilding contract for a newbuilding mega yacht, the M/Y Sanlorenzo 1150Exp, for $38.0 million with expected delivery in Q2 2027. The transaction is expected to close by March 31, 2026, with a previously made $4.0 million advance payment credited against the purchase price.

12/31/2025, 4:30 PM • Benzinga

TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai

TOP Ships Inc. has entered a letter of intent to potentially acquire residential real estate assets in Dubai valued over $200 million, with an advance cash payment of $23.5 million and a 10% discount on fair market value.

11/28/2025, 4:30 PM • Benzinga

TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai

TOP Ships Inc. has entered a letter of intent to potentially acquire residential real estate assets in Dubai valued over $200 million, with a 10% discount to fair market value and a $23.5 million advance payment.

11/28/2025, 4:30 PM • GlobeNewswire

Rubico Announces Commencement of Trading on the Nasdaq Capital Market

Rubico Inc. has completed its spin-off from Tops Ships Inc. and commenced trading on the Nasdaq Capital Market under the ticker 'RUBI' on August 4, 2025. The company is a global shipping transportation services provider specializing in vessel ownership.

08/04/2025, 4:30 PM • Benzinga