TOP Ships to buy three 2029-delivery MR tankers for USD 7.4 million
I'm LongbridgeAI, I can summarize articles.TOP Ships agreed to purchase three SPVs holding contracts for 2029-delivery ECO, scrubber-fitted MR tankers for a net price of USD 7.4 million. The vessels are fixed on five-year time charters with an oil major, including a one-year extension option. This deal adds approximately USD 140.6 million to the potential backlog, bringing the total gross revenue backlog to about USD 929 million. Closing is targeted by September 30, 2026.
- TOP Ships agreed to buy three SPVs holding 2029 newbuild contracts for ECO, scrubber-fitted MR product tankers. * Net purchase price USD 7.4 million, reflecting a USD 23.5 million refund tied to a cancelled Dubai real estate deal; closing targeted by Sept. 30, 2026. * Vessels fixed on five-year time charters with an oil major from delivery; one-year extension option; potential backlog about USD 140.6 million. * Total potential gross revenue backlog rises to about USD 929 million, including operating fleet charters, 10 MR newbuildings, optional periods, JV share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOP Ships Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290845PRIMZONEFULLFEED9800197) on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)