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0 0.0184905660377357 0.0188679245283017 0 -0.0184905660377359 0.041509433962264 0.211320754716981 0.130188679245283
Stock impact report

Top Ships Inc. announces extension of Time Charters for four vessels

TOP Ships Inc. (TOPS) 
US:NASDAQ Investor Relations: topships.org/investors-relations
Company Research Source: GlobeNewswire
ATHENS, Greece, Jan. 03, 2018 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company (the “Company”), announced today that it has extended the time charter agreements with Stena Bulk AB (ex Stena Weco AS) by 12 months for M/T Stenaweco Energy and M/T Stenaweco Elegance and by 18 months for M/T Stenaweco Evolution and M/T Stenaweco Excellence. The Company expects a total gross revenue backlog associated with these time charter extensions of $27.4 million. Following the signing of the abovementioned time charter party extensions, the Company’s charter coverage is as follows:  Year Operating fleet Operating fleet including vessels partly owned through joint ventures 2018   94%95% 201978%82% 202077%81% 202126%28% The above charter coverage percentages are calculated as the ratio of number of days vessels are expected to be hired pursuant to the fixed period of existing time charters divided by number of days vessels are available for chartering during th Show less Read more
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