AI OKTO Announces the Sale of the LPG Carrier Dream Arrax
Key Highlights
- ➤AI OKTO agrees to sell Dream Arrax LPG carrier for $18 million
- ➤Dream Arrax delivery expected during fourth quarter of 2026
- ➤Fleet will consist of one 5,000 cbm LPG carrier after sale
- ➤Transaction approved by independent director special committees of both boards
LIMASSOL, Cyprus, Oct. 23, 2026 (GLOBE NEWSWIRE) -- AI OKTO CORP. (NASDAQ: AIOK) (“AI OKTO”, or the “Company”), an international ship-owning company providing energy transportation services globally, announced today that it has entered into an agreement with a wholly owned subsidiary of Robin Energy Ltd. (“Robin”), a Nasdaq-listed company controlled by our Chairman and Chief Executive Officer, for the sale of the Dream Arrax, a 2015-built 5,000 cbm LPG Carrier vessel for a sale price of $18 million.
The terms of the transaction were approved by the Boards of AI OKTO and Robin, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of AI OKTO and Robin.
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