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TOP Ships Inc. acquires three newbuilding MR tankers
PUBLIC · TOPSJul 29, 2026•11 days ago
Acquiring Company
TOP Ships
Acquired Company
SPVs (Special Purpose Vehicles)
AthensConstruction
Description
TOP Ships Inc. has announced the acquisition of three High Specification Newbuilding MR Tankers through a share purchase agreement with a related party. The transaction, valued at approximately $7.4 million, is expected to close by September 30, 2026. This acquisition is aligned with the company's strategy to enhance its core tanker business while expanding its charterer base. The vessels will begin charter employment with an oil major upon delivery.
Company Information
Company
TOP Ships
Location
Athens, Attica, Greece
About
The company had previously announced that it had entered into a non-binding termsheet and disclosed the main terms of the financing while awaiting credit committee approval.
AthensConstruction