TOP Ships Extends Charter for VLCC Vessels

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On November 22, 2023, TOP Ships Inc. (NASDAQ: Worth mentioning is the announcement by TOPS, an internationally-owned company providing management services of state-of-art “ECO”-type tankers.

Charter Extension Details

TOP Ships Inc. has agreed to prolong fixed-term employment with regards to M/T Julius Caesar and M/T Legio X Equestris. It covers roughly three years with an increased daily charge of $41,500 for each vessel. However, it has another two years in case there is a need extension by the charterer.

Company Focus and Forward-Looking Statements

TOP Ship Inc. is a leading provider of fuel-efficient eco tanker vessels that mainly carry crude oil, clean and unclean petrochemicals and other types of liquid bulk cargoes. The press release highlights its forward-looking statements, which are about the company’s strategic goals, and plans and adhering to the safe harbours provision knowing very well that uncertainty is part of the business environment.

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Source: yahoo!finance