Rubico Q3 net income $1.4M, revenue $5.4M, EBITDA $3.3M

Rubico reported Q3 net income of $1.4 million, up from $0.5 million a year ago, on revenue of $5.4 million. EBITDA rose to $3.3 million. Both Suezmax tankers were in full operation after drydockings. The company expanded its MR newbuilding program to five vessels and reported a potential gross revenue backlog of $523.1 million.