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.)
- $4.4M
- Price
- $0.7941
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.83%
- Volume
- 143.9K
About
Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece.
Quick stats
Shares outstanding5.5M
Computed float2.2M
Float / shares39.2%
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-generated1/11
majorbullishm and a
Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion
TOP Ships announced a $7.4 million acquisition of three high-specification MR tankers to be delivered in 2029, securing a $140.6 million backlog via five-year time charters with an oil major.
The purchase price is net of a $23.5 million refund from a cancelled real estate deal and includes reimbursement of shipyard installments.
Management noted the deal raises total potential gross revenue backlog to approximately $929 million, enhancing future cash flow visibility.
Red flags
- transaction with a related party
- delivery date is 2029 (long timeline for revenue realization)