Robin Energy Ltd., an international ship-owning company providing energy transportation services globally, announced today that it participated in the private placement of Volare Shipping Ltd., a newly established shipping company listed on Euronext Growth Oslo Børs.

The Company purchased 90,000 shares at the offering price of NOK 154.

The investment underpins the current strong market fundamentals for the crude tanker sector reflected in record VLCC earnings, while time charter rates confirm the structural tightening on the back of ongoing geopolitical disruption and longer travel distances for the crude tanker fleet.

About Robin Energy Ltd.

Robin Energy is an international ship-owning company providing energy transportation services globally. The Company’s fleet comprises two LPG carriers that carry petrochemical gases and refined petroleum products worldwide.

Robin Energy Ltd. press release