Jul. 15 at 9:50 PM
TOP Ships is monetizing one of its newbuilding investments. TOP Ships Inc. (NYSE American:
$TOPS ), an international owner and operator of modern, fuel-efficient ECO tanker vessels, announced an agreement with Rubico Inc. to sell 100% of the shares of a Marshall Islands company that is party to the shipbuilding contract for one very-high-specification ECO Medium Range product and chemical tanker.
TOP Ships is a B2i Digital (@B2iDigital) Featured Company. See the company’s profile at https://b2idigital.com/top-ships
The transaction terms are set out in the announcement:
• The vessel is a 47,499 deadweight-ton Medium Range product and chemical oil tanker under contract with Guangzhou Shipyard International Company Limited, scheduled for delivery during 2029
• The aggregate selling price for 100% of the SPV’s shares is approximately
$6.25 million, payable in full at closing, with the transaction expected to close by September 30, 2026, subject to customary closing conditions
• The sale was approved by a special committee of independent and disinterested board members, which obtained a fairness opinion from an independent financial advisor
Read the full release: https://www.globenewswire.com/news-release/2026/07/15/3327929/14465/en/TOP-Ships-Inc-Announces-Sale-of-ECO-MR-Product-Tanker-Newbuilding-for-About-6-25-million.html
TOP Ships Inc. is an international owner and operator of ocean-going vessels focused on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty), and bulk liquid chemicals. For investor inquiries, contact Alexandros Tsirikos, Chief Financial Officer, at +30 210 812 8107 or
[email protected]. For more information, visit www.topships.org. Discover more emerging growth Featured Companies, industry-leading Featured Experts, and upcoming Featured Conferences at https://b2idigital.com.
Disclosure: David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted TOPS stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. See the complete Disclosure at https://b2idigital.com/disclaimer. B2i Digital is not a broker-dealer or investment adviser.
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