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TOP Ships acquires three new ECO MR tankers with $0.93B potential revenue backlog through 2034

Company Fundamentals
29 Jul 2026
GlobeNewsWire
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Bullish
pluang ai news

TOP Ships Inc. announced the purchase of three companies owning contracts for three high-specification, ECO, scrubber-fitted MR product tankers to be delivered in 2029. These vessels have secured five-year time charters with an oil major, with an option for an additional year, generating a potential gross revenue backlog of about $140.6 million from these contracts alone. The acquisition price is approximately $7.4 million, and the deal is expected to close by September 30, 2026. This expands TOP Ships' total potential gross revenue backlog to approximately $929 million, enhancing future cash flow visibility and diversifying its charterer base.

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