TOP Ships Inc. Announces Time Charter and Loan Agreement
TOP Ships Inc. (TOPS)
US:NASDAQ Investor Relations:
topships.org/investors-relations
Company Research
Source: GlobeNewswire
ATHENS, Greece, Sept. 13, 2017 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company (the “Company”), announced today that upon its delivery from Hyundai in the third quarter of 2018, M/T Eco Palm Desert will enter into time charter employment with Central Ship Chartering Inc, a related party, for a firm duration of three years. The charterer has the option to extend the firm employment period by two additional years. The Company expects a total gross revenue backlog associated with this time charter of up to $27.5 million including the optional periods. Following the signing of the abovementioned time charter party, the Company’s charter coverage is as follows: Year Operating fleet Operating fleet including vessels partly owned through joint ventures2017 100% 100%2018 94% 95%2019 67% 73%2020 32% 45%2021 19% 33% The above charter coverage percentages are calculated as the ratio of number of days vessels are expected to be hired pursuant to the fixed
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News
- Imperial Petroleum: Zero Debt And Attractive Preferred Units Yields [Seeking Alpha]Seeking Alpha
- TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party [Yahoo! Finance]Yahoo! Finance
- TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related PartyGlobeNewswire
TOPS
Sec Filings
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- 2/7/24 - Form 6-K
- TOPS's page on the SEC website