Rubico (RUBI) Stock in Freefall: Top Ships Spin-Off Collapses 90% – What Investors Should Know
Company Overview: Business Model & Background Rubico Inc. is a Marshall Islands-incorporated shipping company providing crude oil transportation services via a small fleet of tankers globenewswire.com globenewswire.com. The company was created as a spin-off from TOP Ships Inc., a Greek tanker owner, to separately house two Suezmax oil tankers (M/T Eco Malibu and M/T Eco West Coast) stocktwits.com. Both 2021-built vessels are “eco” fuel-efficient tankers on long-term time charter contracts with Clearlake (a major commodity trading firm), ensuring stable charter revenue streams rivieramm.com. Rubico’s strategy focuses on owning and operating these modern tankers, leveraging their high specification and scrubber-fitted fuel