Robin Energy Ltd. Announces the Acquisition of its Third Vessel
Robin Energy Ltd. (NASDAQ: RBNE) has announced the acquisition of its third vessel, a 2020-built 5,000 cbm LPG Carrier from Toro Corp. for $20 million. The transaction, expected to close in 2025, will be funded with cash on hand and was approved by independent board members of both companies.
Upon completion, Robin Energy's fleet will consist of two LPG Carriers and one Handysize tanker vessel for transporting petrochemical gases and refined petroleum products globally. The acquisition represents a strategic expansion following the company's recent capital raise and aligns with its growth-oriented strategy.
Robin Energy Ltd. (NASDAQ: RBNE) ha annunciato l'acquisizione della sua terza imbarcazione, un LPG Carrier da 5.000 cbm costruito nel 2020, da Toro Corp., per 20 milioni di dollari. L'operazione, che dovrebbe chiudersi nel 2025, sarà finanziata con liquidità disponibile ed è stata approvata dai membri del consiglio indipendenti di entrambe le aziende.
Al completamento, la flotta di Robin Energy sarà composta da due LPG Carriers e un Handysize tanker per il trasporto globale di gas petrochimici e prodotti petroliferi raffinati. L'acquisizione rappresenta una crescita strategica dopo l'ultimo aumento di capitale e si allinea con la sua strategia orientata alla crescita.
Robin Energy Ltd. (NASDAQ: RBNE) ha anunciado la adquisición de su tercera embarcación, un LPG Carrier de 5.000 cbm construido en 2020 desde Toro Corp., por 20 millones de dólares. La operación, que se espera cierre en 2025, será financiada con efectivo disponible y fue aprobada por los miembros independientes de la junta de ambas compañías.
Al finalizar, la flota de Robin Energy consistirá en dos LPG Carriers y un buque tanque Handysize para el transporte mundial de gases petroquímicos y productos petrolíferos refinados. La adquisición representa una expansión estratégica tras la reciente captación de capital y se alinea con su estrategia de crecimiento.
Robin Energy Ltd. (NASDAQ: RBNE)가 2020년 건조된 5,000 cbm LPG 운반선을 Toro Corp.로부터 2,000만 달러에 인수했다고 발표했습니다. 거래는 2025년에 마감될 예정이며 현금 보유로 자금을 조달하고 양사 이사회 독립 이사들이 승인했습니다.
완료되면 로빈 에너지의 함대는 두 대의 LPG 운반선과 한 대의 핸디사이즈 탱커로 구성되어 전 세계적으로 페트로케미컬 가스와 정유 제품을 운송합니다. 이 인수는 최근의 자본 조달 이후의 전략적 확장이며 성장 지향적 전략과 일치합니다.
Robin Energy Ltd. (NASDAQ: RBNE) a annoncé l'acquisition de son troisième navire, un LPG Carrier de 5.000 cbm construit en 2020 auprès de Toro Corp., pour 20 millions de dollars. L'opération, dont la clôture est prévue en 2025, sera financée par des liquidités et a été approuvée par les administrateurs indépendants des deux sociétés.
À l'issue, la flotte de Robin Energy sera composée de deux LPG Carriers et d'un navire-casseur Handysize pour le transport mondial de gaz petrochimiques et de produits pétroliers raffinés. L'acquisition représente une expansion stratégique après la levée de capitaux récente et s'aligne sur sa stratégie axée sur la croissance.
Robin Energy Ltd. (NASDAQ: RBNE) hat die Übernahme ihrer dritten Schiffes, eines 2020 gebauten LPG-Carriers mit 5.000 cbm von Toro Corp. für 20 Millionen USD bekannt gegeben. Der Abschluss soll voraussichtlich im Jahr 2025 erfolgen und wird mit liquiden Mitteln finanziert; die Transaktion wurde von unabhängigen Vorstandsmitgliedern beider Unternehmen genehmigt.
Nach Abschluss wird die Flotte von Robin Energy aus zwei LPG-Carriers und einem Handysize-Tanker bestehen, die weltweit Gas- und petrochemische Produkte transportieren. Die Akquisition stellt eine strategische Erweiterung nach der jüngsten Kapitalbeschaffung dar und entspricht der wachstumsorientierten Strategie des Unternehmens.
Robin Energy Ltd. (NASDAQ: RBNE) أعلنت عن استحواذها على سفينتها الثالثة، وهي ناقلة LPG بسعة 5,000 cbm مبنية في 2020 من شركة Toro Corp. لقاء 20 مليون دولار. من المتوقع إتمام الصفقة في 2025، وسيتم تمويلها من النقد المتاح وموافقة أعضاء مجلس الإدارة المستقلين في الشركتين.
عند إتمامها، سيضم أسطول Robin Energy ناقلتين LPG وسفينة Handysize ناقلة لت运输 الغازات البتروكيماوية والمنتجات النفطية المكررة على نطاق عالمي. تمثل الاستحواذ توسيعاً استراتيجياً عقب جمع رأس المال الأخير ويتماشى مع استراتيجيتها القائمة على النمو.
Robin Energy Ltd.（NASDAQ: RBNE）宣布以<2000万美元从 Toro Corp. 收购其第三艘船舶，一艘建于 2020 年，5,000 cbm 的 LPG 运输船。交易预计于 2025 年完成，资金将来自公司手头现金，已获两家公司独立董事会成员批准。
完成后，Robin Energy 的船队将由 两艘 LPG 运输船和一艘 Handysize 油轮组成，全球运输 petrochemical 气体及成品油。此次收购是公司最近融资后的战略扩张，与其以增长为导向的战略保持一致。
- Acquisition of modern vessel (2020-built) strengthens fleet capacity
- Transaction fully funded with cash on hand, indicating strong liquidity
- Expansion increases cash generating ability through fleet growth
- Strategic addition brings total fleet to three vessels
- Related party transaction with company controlled by CEO raises potential conflict of interest concerns
- High concentration risk with small fleet size of only three vessels
- Significant cash deployment of $20 million may impact working capital
Insights
Robin Energy expands fleet with third vessel acquisition, strengthening revenue potential despite related-party transaction concerns.
Robin Energy is expanding its fleet with a $20 million acquisition of a 2020-built 5,000 cbm LPG Carrier vessel from Toro Corp, a company controlled by Robin Energy's own CEO. This purchase follows a recent capital raise and increases the company's fleet to three vessels - two LPG Carriers and one Handysize tanker.
The transaction structure raises some governance considerations, as this is a related-party deal between companies sharing the same Chairman/CEO. However, both companies implemented appropriate safeguards with independent board members approving the terms following review by special committees of independent directors. This follows standard corporate governance protocols for related-party transactions.
From an operational perspective, this acquisition strategically positions Robin Energy to enhance its cash-generating capabilities. With three vessels, the company achieves better fleet diversity and operational scale, potentially improving utilization rates and operational efficiency in the energy transportation market.
The vessel's relatively young age (built in 2020) means lower maintenance costs and higher technical specifications compared to older vessels, potentially commanding premium charter rates. The company's ability to fund the acquisition with cash on hand also indicates solid liquidity, though this will reduce available cash reserves by $20 million.
This acquisition marks an important step in Robin Energy's growth trajectory following its capital raise, though investors should monitor how effectively management deploys these assets to generate returns.
LIMASSOL, Cyprus, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, announces that it has entered into an agreement, through a wholly owned subsidiary, to acquire a 2020-built 5,000 cbm LPG Carrier vessel from Toro Corp. (“Toro”), a Nasdaq-listed entity controlled by our Chairman and Chief Executive Officer, for a purchase price of
The terms of the transaction were approved by the independent and disinterested members of the Boards of Robin Energy and Toro, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Robin Energy and Toro.
The acquisition is expected to be concluded by taking delivery of the vessel during 2025 and is subject to the satisfaction of certain customary closing conditions. The Company expects to fund the acquisition with cash on hand.
Petros Panagiotidis, Chairman and Chief Executive Officer of Robin Energy, commented: " On the back of our successful capital raise, we are pleased that we continue expanding our fleet further with a third vessel. This acquisition not only strengthens our cash generating ability but also reinforces our long-term growth-oriented strategy and commitment to creating value for our shareholders.”
About Robin Energy Ltd.
Robin Energy is an international ship-owning company providing energy transportation services globally. Upon completion of the above-mentioned transaction, the Company’s fleet will comprise of two LPG Carriers and one Handysize tanker vessel that carry petrochemical gases and refined petroleum products worldwide.
For more information, please visit the Company’s website at www.robinenergy.com. Information on our website does not constitute a part of this press release.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including those related to the completion, timing and benefits to the Company and shareholders of the vessel acquisition. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company’s and its counterparty’s ability to consummate the transaction discussed herein, as well as those factors discussed under “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC’s website at http://www.sec.gov. Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
CONTACT DETAILS
For further information please contact:
Investor Relations
Robin Energy Ltd.
Email: ir@robinenergy.com
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