Rubico Inc. Secures Time Charter Extensions With $120.8 Million Revenue Backlog

Reuters11-27

<a href="https://laohu8.com/S/RUBI">Rubico Inc</a>. Secures Time Charter Extensions With $120.8 Million Revenue Backlog

Rubico Inc. announced that it has entered into agreements to extend the time charter employment of both its vessels with the existing charterer. The vessels will continue to earn a gross daily hire rate of $32,850 until January 11, 2027. Following this period, they will earn a gross daily hire rate of $29,990 for the subsequent four years. The contracts also include the charterer's option to extend each time charter for two additional years at gross daily rates of $34,750 and $36,750 for the first and second optional years, respectively. The company reported that its total contracted revenue backlog now stands at $120.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rubico Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-007627), on November 26, 2025, and is solely responsible for the information contained therein.

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Secures Time Charter Extensions With $120.8 Million Revenue Backlog\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Rubico Inc. announced that it has entered into agreements to extend the time charter employment of both its vessels with the existing charterer. The vessels will continue to earn a gross daily hire rate of $32,850 until January 11, 2027. Following this period, they will earn a gross daily hire rate of $29,990 for the subsequent four years. The contracts also include the charterer's option to extend each time charter for two additional years at gross daily rates of $34,750 and $36,750 for the first and second optional years, respectively. 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Secures Time Charter Extensions With $120.8 Million Revenue Backlog\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Rubico Inc. announced that it has entered into agreements to extend the time charter employment of both its vessels with the existing charterer. The vessels will continue to earn a gross daily hire rate of $32,850 until January 11, 2027. Following this period, they will earn a gross daily hire rate of $29,990 for the subsequent four years. The contracts also include the charterer's option to extend each time charter for two additional years at gross daily rates of $34,750 and $36,750 for the first and second optional years, respectively. 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