Robin Energy Ltd. Announces the Delivery of its Second Vessel

Rhea-AI Summary

Robin Energy Ltd (NASDAQ: RBNE) has announced the delivery of its second vessel, the LPG Carrier Dream Syrax, a 2015-built vessel on September 3, 2025. The acquisition, previously announced on July 10, 2025, was completed following the vessel's scheduled drydock and special survey, funded entirely with cash on hand.

The vessel is currently under a time-charter contract at $337,000 per calendar month with expected redelivery in late December 2025. This acquisition has doubled Robin Energy's fleet size since its listing. The company now owns two vessels: one Handysize tanker and one LPG carrier, both serving global energy transportation needs.

Positive

• Acquisition doubles fleet size since company listing
• Secured time-charter contract at $337,000 per month until December 2025
• Acquisition funded with cash, maintaining debt-free balance sheet
• Immediate revenue generation through existing charter contract

Negative

• Limited fleet diversification with only two vessels
• Short-term charter contract ending in December 2025
• Significant cash deployment may reduce available funds for future opportunities

Insights

Maritime Industry Financial Analyst

Robin Energy doubles fleet size with second vessel acquisition, securing $337,000 monthly revenue through year-end under existing charter.

Robin Energy has successfully taken delivery of the LPG Carrier Dream Syrax, a 2015-built vessel that effectively doubles the company's fleet size since its public listing. This acquisition, completed following the vessel's scheduled drydock and special survey, was funded entirely with cash on hand—highlighting the company's strong liquidity position and debt-free balance sheet.

The vessel isn't sitting idle either. It's immediately revenue-generating under a time-charter contract at $337,000 per calendar month through at least late December 2025. This translates to approximately $1.35 million in guaranteed revenue for the remainder of 2025, assuming the minimum charter period.

What's particularly notable is Robin Energy's strategic positioning. As a newly listed company, doubling fleet capacity this quickly demonstrates aggressive execution capabilities. Their debt-free approach to expansion is uncommon in the capital-intensive shipping sector, where leverage is typically employed for fleet growth. This conservative financial strategy provides significant flexibility for future acquisitions while protecting the company from interest rate fluctuations.

The acquisition of a 10-year-old vessel rather than new construction also indicates a focus on immediate revenue generation versus long-term asset appreciation, suggesting management prioritizes near-term distributable cash flow. The company appears positioned to capitalize on the strong rates in the LPG transportation market while maintaining financial discipline—a compelling combination for a growth-stage shipping company.

LIMASSOL, Cyprus, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd (NASDAQ: RBNE), (“Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, announced today that on September 3, 2025 it took delivery of the LPG Carrier Dream Syrax, the 2015-built vessel the acquisition of which was previously announced on July 10, 2025. The vessel was delivered following the completion of its scheduled drydock and special survey. The acquisition was funded entirely with cash on hand.

The vessel is currently employed under a time-charter contract with a reputable counterparty at a rate of $337,000 per calendar month with earliest redelivery expected in late December 2025.

Petros Panagiotidis, Chairman and Chief Executive Officer of Robin Energy, commented: “The delivery of the Dream Syrax, which has doubled the size of our fleet in a very short time since our listing, enhances our earnings capacity and reinforces our ability to generate stable cash flows for shareholders. We continue to target growth opportunities through selective acquisitions that will further strengthen our fleet profile and create long-term value, supported by our debt-free balance sheet and robust cash position.”

About Robin Energy Ltd.

Robin Energy is an international ship-owning company providing energy transportation services globally. Robin Energy owns one Handysize tanker vessel and one LPG carrier 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 charterer’s redelivery of the vessel. 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 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

FAQ

What is the value of Robin Energy's (RBNE) new vessel charter contract?

The Dream Syrax is chartered at $337,000 per calendar month until late December 2025.

How many ships does Robin Energy (RBNE) currently own?

Robin Energy currently owns two vessels: one Handysize tanker vessel and one LPG carrier.

When did Robin Energy (RBNE) take delivery of the Dream Syrax?

Robin Energy took delivery of the Dream Syrax on September 3, 2025, following its scheduled drydock and special survey.

How did Robin Energy (RBNE) finance the Dream Syrax acquisition?

The acquisition was funded entirely with cash on hand, maintaining the company's debt-free balance sheet.

What type of vessels does Robin Energy (RBNE) operate?

Robin Energy operates vessels that transport petrochemical gases and refined petroleum products worldwide.