Rubico is a small Marshall Islands-incorporated shipping company that owns and operates two Suezmax crude oil tankers—the M/T Eco Malibu and M/T Eco West Coast—each with a capacity of 157,000 dwt, built at Hyundai in 2021. Both vessels are chartered to Clearlake, an oil trading and tanker chartering company, on fixed-rate time charters running through early 2031. Under these time charters, Clearlake pays Rubico a fixed daily rate and covers voyage costs like fuel, while Rubico covers vessel operating costs including crew, maintenance, and insurance. Both vessels currently earn $32,850/day, stepping down to $29,990/day from early 2027 through 2031. Beyond its two operating vessels, Rubico has contracted for a 47,499 dwt MR product/chemical tanker due for delivery in Q4 2029, which is already under a seven-year time charter to Trafigura at $18,750/day. Rubico is also diversifying into recreational maritime transport with the planned acquisition of a Sanlorenzo 1150Exp luxury megayacht, expected delivery in Q2 2027. Vessel management is outsourced to a related-party manager affiliated with the Pistiolis family. Both Suezmax vessels are financed under an $84M sale-and-leaseback facility with Huarong. Governance is effectively controlled by the Lax Trust, a family trust tied to CEO Evangelos Pistiolis, which holds approximately 89% of total voting power.