TOP Ships Inc. Announces Acquisition of Two Scrubber Fitted ECO MR Tanker Newbuildings With Time Charters
TOP Ships, Inc. (TOPS)
US:NASDAQ Investor Relations:
topships.org/investors-relations
Company Research
Source: GlobeNewswire
ATHENS, Greece, Dec. 19, 2019 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has acquired 100% of the issued and outstanding shares of Santa Catalina Inc. and Santa Monica Inc., which are Marshall Islands companies that have entered into new building contracts for two ultra-high specification scrubber-fitted 50,000 dwt Medium Range (“MR”) product/chemical tankers under construction at Hyundai Mipo Dockyard Co., Ltd. in South Korea and scheduled for delivery during February 2020. The Company has acquired the shares of both companies from an entity affiliated with the Company’s Chief Executive Officer, for an aggregate purchase price of $14.35 million. Following their delivery, the vessels will enter into time charters with Trafigura Maritime Logistics Pte Ltd. (“Trafigura”) for a firm duration of three years, with charterer’s option to extend for two additional years at.
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TOPS
News
- Top Ships Inc. (NASDAQ: TOPS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Top Ships Inc. (NASDAQ: TOPS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Top Ships Inc. (NASDAQ: TOPS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Top Ships Inc. (NASDAQ: TOPS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Top Ships Inc. (NASDAQ: TOPS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
TOPS
Sec Filings
- 12/6/24 - Form 6-K
- 11/7/24 - Form 6-K
- TOPS's page on the SEC website