Robin Energy Ltd. (NASDAQ:RBNE) surged 5.5% on Thursday after announcing a series of lucrative multi-period charter agreements for its LPG fleet along with strong recent results from its tanker operations.
The international shipping company reported that both of its LPG carriers are currently employed under time-charter contracts at highly favorable rates. The M/T Dream Terrax is earning a gross monthly rate of $345,000 through February 2026, which will rise to $353,000 and extend through January 2027. Its second vessel, the M/T Dream Syrax, is booked at a gross monthly rate of $353,000 through March 2026.
These contracts represent more than $5.5 million in secured revenue and cover approximately 59% of Robin Energy’s available vessel days for 2026, providing increased earnings visibility within its LPG segment.
The company also highlighted ongoing strength in its tanker business. The M/T Wonder Mimosa, a Handysize product tanker trading in a commercial pool, achieved a gross daily rate of $19,442 in November 2025. This marks a 19% sequential increase from October’s $16,349 and continues the positive seasonal climb observed since September’s $14,871.
Robin Energy said its deployment strategy intentionally blends long-term contractual coverage with selective spot-market exposure—an approach designed to secure stable cash flows while retaining the ability to benefit from improving tanker-market conditions.