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AI OKTO (AIOK) is a newly formed maritime company, a spin-off from Robin Energy Ltd., specializing in the transportation of liquefied petroleum gases and aiming to leverage artificial intelligence for optimizing fleet operations. The company was incorporated in 2025 and is based in Limassol, Cyprus. The management team members are:

Petros Panagiotidis

Chief Executive Officer and Director Petros Panagiotidis is the Chief Executive Officer and a Director of AI OKTO Corp. He is also the founder of Castor Maritime Inc., where he has served as Chairman, President, CEO, CFO, and Treasurer since its inception in 2017, and played a key role in its Nasdaq listing. Additionally, Mr. Panagiotidis is the founder, Chairman, and Chief Executive Officer of Toro Corp. and Robin Energy Ltd. He holds a Bachelor's degree in International Studies and Mathematics from Fordham University and a Master's degree in Management and Systems from New York University. He controls substantial indirect holdings in AI OKTO, including 3,206,185 common shares and 40,000 Series B Preferred Shares (each with a voting power equivalent to 100,000 common shares) through Pani Corp. and Pelagos Holdings Corp., respectively.

John Paul Syriopoulos

Director John Paul Syriopoulos was appointed as a Director of AI OKTO Corp. on October 8, 2026. He has also served as a non-executive member of the Board of Directors and as Chairman of the Audit Committee for Robin Energy Ltd. since April 14, 2025. For the past 12 years, Mr. Syriopoulos has been with a leading global investment bank, where he holds the position of Vice President in the Fixed Income Technology department, responsible for driving technology solutions across APAC, EMEA, and NYC regions. He holds a Bachelor's degree in Industrial Engineering from Worcester Polytechnic Institute. As of his appointment, he did not hold any beneficial ownership of AI OKTO's securities.

Petros Zavakopoulos

Director Petros Zavakopoulos was appointed as a Director of AI OKTO Corp. on October 8, 2026. He directly owns 7,500 common shares of AI OKTO Corp. Mr. Zavakopoulos also serves as a Non-Executive Director at Toro Corp. since 2023, Chairman & Managing Director at Cosmomed SA, Director at Leoussis SA, and a Member of the Supervisory Board at MPC Münchmeyer Petersen Capital AG since 2025. He completed his undergraduate education at the University of Amsterdam. **Note on CFO:** As of the available information, a specific individual holding the title of Chief Financial Officer for AI OKTO Corp. has not been explicitly disclosed. Petros Panagiotidis, the CEO, has previously served as CFO for other companies he founded, such as Castor Maritime Inc.

The key risks to AI OKTO's business are:

1. Shipping Cyclicality: AI OKTO's financial performance is highly dependent on the cyclical nature of the shipping industry. This includes fluctuations in charter rates, vessel supply and demand, and the overall global economic climate, which can lead to rapid swings in earnings.
2. Geopolitical Disruption: The company faces risks from geopolitical events such as conflicts in the Middle East, attacks in the Red Sea, trade protectionism, or tariffs. These factors can significantly impact shipping demand, alter routing, and increase operational costs.
3. Small Fleet Size and Concentrated Control: As a smaller company with a fleet of two LPG vessels, AI OKTO is considered a niche asset play rather than a diversified shipping platform. This limited scale and concentrated control can increase its vulnerability compared to larger, more diversified competitors.

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The primary addressable market for AI OKTO (AIOK), a maritime company focused on the LPG (Liquefied Petroleum Gas) carrier segment, is the global LPG tanker market.

The global LPG tanker market was valued at approximately USD 221.4 billion in 2025. It is projected to grow to about USD 353.8 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.19% during the period of 2026-2034. Other estimates place the market at USD 230.58 billion in 2025, expanding to USD 312.72 billion by 2031 with a CAGR of 5.15% from 2026 to 2031. Another source states a market size of USD 214.44 billion in 2025, projected to reach USD 367.87 billion by 2035, growing at a 5.55% CAGR between 2026 and 2035. Europe held a significant market share, accounting for over 30.2% in 2025.

Here are 3-5 expected drivers of future revenue growth for AI OKTO (AIOK) over the next 2-3 years:

1. Expansion of the LPG Carrier Fleet: AI OKTO Corp. currently operates a fleet of two LPG vessels. A key driver for future revenue growth will be the expansion of this fleet through strategic acquisitions of additional liquefied petroleum gas (LPG) carriers or newbuilds, directly increasing the company's carrying capacity and potential for generating revenue.
2. Favorable Trends in LPG Charter Rates: Revenue in the LPG carrier segment is heavily influenced by prevailing charter rates. Increases in these rates, driven by the balance of vessel supply and demand and overall global trade flows, would directly enhance AI OKTO's revenue per vessel.
3. Leveraging AI for Operational Optimization and Efficiency: A core component of AI OKTO Corp.'s strategy is to implement an artificial intelligence (AI)-enabled operating model to optimize fleet operations and maritime logistics. This involves identifying, evaluating, and implementing AI-driven solutions through partnerships, which is expected to lead to improved vessel utilization, more efficient routing, reduced operational costs, and ultimately contribute to higher revenue generation.
4. Growth in Global Demand for Liquefied Petroleum Gas (LPG): As a company solely focused on the LPG carrier segment, AI OKTO's revenue growth is inherently tied to the global demand and trade volumes for liquefied petroleum gas. A sustained increase in worldwide LPG consumption would directly drive greater demand for its transportation services.
5. Sustained High Vessel Utilization: Maximizing the operational uptime of its fleet by securing and maintaining high vessel utilization rates under time-charter contracts is crucial. Consistent and high utilization ensures a steady stream of revenue and reflects efficient management of its shipping assets.