TOP Ships Clinches Time Charter with Shell

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TOP Ships has reached a time charter agreement with Shell Tankers Singapore Private Limited for one of its product/chemical tankers.

Under the deal, the company’s 50,000 dwt M/T Eco Palm Desert would be hired until September 2020.

The time charter with Shell consists of a fixed amount per day plus a 50% profit share for earned rates over the fixed amount and replaces a pre-existing charter, TOP Ships explained.

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