Top Ships Inc. Announces Acquisition of four High Specification Ice Class 1A Newbuilding MR Tankers and Gross Revenue Backlog of about $1.24 Billion
AI Summary
TOP Ships Inc. has agreed to acquire four special-purpose companies holding shipbuilding contracts for high-specification Ice Class 1A MR tankers from Guangzhou Shipyard International. The company says the acquisition will bring a gross revenue backlog of approximately $1.24 billion.
TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has entered into a share purchase agreement with a related party (the “Seller”) to purchase the shares of four companies (the “SPVs”) which have entered into shipbuilding contracts with Guangzhou Shipyard International Company Limited for the construction ...