---
title: "TOP Ships to buy three 2029-delivery MR tanker newbuildings for $7.4 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296142434.md"
description: "TOP Ships signed a sale and purchase agreement to acquire three SPVs linked to 2029-delivery MR product tankers for a net price of $7.4 million, funded by proceeds from a cancelled real estate deal. Each vessel is secured with a five-year time charter (plus one-year option) with an oil major, creating a potential backlog of approximately $140.6 million in revenue. The transaction is expected to close by September 30, 2026."
datetime: "2026-08-17T20:20:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296142434.md)
  - [en](https://longbridge.com/en/news/296142434.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296142434.md)
generator: "portal-rs"
---

# TOP Ships to buy three 2029-delivery MR tanker newbuildings for $7.4 million

-   TOP Ships entered an SPA to buy three SPVs tied to 2029 deliveries of high-spec, ECO, scrubber-fitted MR product tankers. \* Net purchase price set at USD 7.4 million, reflecting a USD 23.5 million refund from a cancelled Dubai real estate deal. \* Each vessel secured a five-year time charter with an oil major, with a one-year extension option; potential backlog about USD 140.6 million. \* Deal expected to close by Sept. 30, 2026; total potential gross revenue backlog, including options, put at about USD 929 million. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-005592), on August 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**