TOP Ships to buy three 2029-delivery MR tankers for USD 7.4 million

Reuters2026/07/29 12:45

By:Reuters

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TOP Ships agreed to buy three SPVs holding 2029 newbuild contracts for ECO, scrubber-fitted MR product tankers.
Net purchase price USD 7.4 million, reflecting a USD 23.5 million refund tied to a cancelled Dubai real estate deal; closing targeted by Sept. 30, 2026.
Vessels fixed on five-year time charters with an oil major from delivery; one-year extension option; potential backlog about USD 140.6 million.
Total potential gross revenue backlog rises to about USD 929 million, including operating fleet charters, 10 MR newbuildings, optional periods, JV share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOP Ships Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290845PRIMZONEFULLFEED9800197) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TOP Ships to buy three 2029-delivery MR tankers for USD 7.4 million

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