Top Ships Back In Business With Delivery of Newbuild ECO Tanker

Nasdaq-listed Top Ships, Inc. (Nasdaq:TOPS) has taken delivery of the first of six newbuild medium-range tankers, ending nearly year long hiatus from the shipping industry. The Athens-based company on Monday announced the delivery of the EShips Taweelah, a 50,000 dwt fuel efficient MR product tanker from Hyundai Vinashin Shipyard in Vietnam. The EShips Taweelah is the … [Read more...]

TOP Ships Sells Fleet

Athens-based shipping company TOP Ships Inc. (Nasdaq: TOPS) has announced that it has entered into agreements to sell its fleet of six vessels to pay down debt and fund new vessel acquisitions. TOP Ships says it has struck a deal with an affiliate of the AMCI Poseidon investment fund to sell its six shipowning subsidiaries, which own the company’s six vessels, for an … [Read more...]