--- title: "TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million | TOPS Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/294088405.md" description: "TOP Ships Inc. announced an agreement to sell 100% of the shares of a Special Purpose Vehicle (SPV) related to a newbuilding MR tanker contract for approximately $6.5 million. The buyer is Rubico Inc., a related party. The transaction, approved by an independent board committee, involves the sale of rights to a chemical/product oil carrier scheduled for delivery in Q2 2029. Closing is expected by September 30, 2026." datetime: "2026-07-28T07:30:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294088405.md) - [en](https://longbridge.com/en/news/294088405.md) - [zh-HK](https://longbridge.com/zh-HK/news/294088405.md) generator: "portal-rs" --- # TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million | TOPS Stock News See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google Add on Google ATHENS, Greece, July 28, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has entered into an agreement with Rubico Inc., a related party, to sell 100% of the issued and outstanding shares of a Marshall Islands company (the “SPV”) that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a 47,499 dwt chemical/product oil carrier scheduled for delivery in the second quarter of 2029. The aggregate selling price for 100% of the shares of the SPV is approximately $6.5 million, payable in full at closing. The transaction is expected to close by September 30, 2026, subject to customary closing conditions. The sale was approved by a special committee composed of independent and disinterested members of the Company’s board of directors, which obtained a fairness opinion with respect to the consideration to be received to sell the SPV from an independent financial advisor. **About the Company** TOP Ships Inc. is an international owner and operator of ocean-going vessels focusing on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. For more information about TOP Ships Inc., visit its website: www.topships.org. **For further information please contact:** Alexandros Tsirikos Chief Financial Officer TOP Ships Inc. Tel: +30 210 812 8107 Email: atsirikos@topships.org **Forward-Looking Statements** Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding the sale of newbuilding tankers. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. ### Related Stocks - [TOPS.US](https://longbridge.com/en/quote/TOPS.US.md) - [RUBI.US](https://longbridge.com/en/quote/RUBI.US.md) ## Related News & Research - [TOP Ships to buy three 2029-delivery MR tanker newbuildings for $7.4 million](https://longbridge.com/en/news/296142434.md) - [TOP Ships Lifts Net Asset Value 24%, Plans Exit from Megayacht Sector](https://longbridge.com/en/news/293949162.md) - [Oil Extends Gains as China Tankers Reverse Course in Hormuz](https://longbridge.com/en/news/296500108.md) - [Tanker off Yemen boarded by armed people, diverted towards Somalia, UKMTO says](https://longbridge.com/en/news/296473485.md) - [Vantage flags 2028-2029 tanker delivery wall as downside risk to freight rates](https://longbridge.com/en/news/296087152.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**