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TOP Ships acquires three new ECO MR tankers with $0.93B potential revenue backlog, expanding its fleet and charter base.

Company Fundamentals
29 Jul 2026
Na
View Source
Bullish
pluang ai news

TOP Ships Inc. has agreed to purchase three companies owning contracts for three high-specification, ECO, scrubber-fitted MR product tankers to be delivered in 2029. These vessels come with five-year time charters from an oil major, with an option for an additional year, generating a potential gross revenue backlog of about $140.6 million. The acquisition price is approximately $7.4 million, and the deal is expected to close by September 30, 2026. This move aligns with TOP Ships' strategy to redeploy capital into its core tanker business, increasing its total potential revenue backlog to around $929 million, highlighting strong future cash flow visibility.

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