September 16, 2026 Press Room · Tankers

Private Evangelos Pistiolis company sells last of 10 newbuildings to Nasdaq-listed spin-off

Originally published by
TradeWinds
By
Gary Dixon
Location
London
Section
Tankers
Publication date
24 March 2026

Rubico takes final product tanker of series being built in China

Evangelos Pistiolis is Rubico’s main shareholder.
Evangelos Pistiolis is Rubico’s main shareholder.Photo: Central Group

Key takeaways

  • Rubico takes final product tanker of series being built in China
  • Nasdaq-listed spin-off Rubico has bought the final tanker in a series of 10 ships ordered by its main shareholder, Evangelos Pistiolis.
  • The company said in its annual report that a deal was agreed last month for an MR under construction at Guangzhou Shipyard International in China.
  • The seller, private Pistiolis company Central Mare, has arranged a sale-and-leaseback financing agreement with a major Chinese leasing company.
Reading time: 1 min

Nasdaq-listed spin-off Rubico has bought the final tanker in a series of 10 ships ordered by its main shareholder, Evangelos Pistiolis.

The company said in its annual report that a deal was agreed last month for an MR under construction at Guangzhou Shipyard International in China.

The seller, private Pistiolis company Central Mare, has arranged a sale-and-leaseback financing agreement with a major Chinese leasing company.