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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TOPS
News
- TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLCGlobeNewswire
- Top Ships Inc. (NASDAQ: TOPS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Top Ships Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Top Ships Inc. (NASDAQ: TOPS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-FGlobeNewswire
TOPS
Sec Filings
- 4/23/24 - Form 25
- 4/12/24 - Form CERT
- 4/11/24 - Form 8-A12B
- TOPS's page on the SEC website