Top Ships Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $4.1M
- Price
- $0.5386
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.30%
- Volume
- 218.7K
About
Top Ships Inc., a maritime company established in 2000 and headquartered in Maroussi, Greece, specializes in the worldwide ownership and operation of tanker vessels. Its medium-range ships primarily facilitate the global transport of essential liquid commodities, including crude oil, various refined petroleum products, and bulk liquid chemicals. The organization underwent a name change in December 2007, transitioning from its former identity as Top Tankers Inc. By the close of business on December 31, 2020, Top Ships Inc. commanded a diverse fleet with an aggregated carrying capacity of 1,435,000 deadweight tonnes (dwt). This fleet comprised one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two sizable 300,000 dwt Very Large Crude Carriers (VLCCs), and two 50,000 dwt product tankers.
Quick stats
Shares outstanding7.6M
Computed float—
Float / sharesUnknown
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001296484
Websitehttps://www.topships.org
AI Summary
AI-generated1/15
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Top Ships Inc. Announces Closing of the Acquisition of three High Specification Newbuilding MR Tankers
TOP Ships closed its previously announced July 28, 2026 share purchase agreement to acquire three SPVs holding shipbuilding contracts for high-specification, ECO, scrubber-fitted MR product tankers.
The vessels are slated for delivery in 2029 and have secured five-year time charters with an oil major commencing on delivery, with a one-year extension option for the charterer.
TOPS' operating fleet totals 857,000 dwt, and the company has newbuilding contracts for eleven MR tankers delivering from Q2 2028 through Q4 2029, one of which it has agreed to sell.
Red flags
- acquisition is from a related party (the Seller)
- no purchase price disclosed in the release
- one of the eleven newbuildings already agreed to be sold; megayacht M/Y Para Bellvm pending divestiture