TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced the closing of the previously announced share purchase agreement dated July 28, 2026 with a related party, pursuant to which the Company acquired the shares of three companies, each of which is party to one shipbuilding contract with an established, world-class shipbuilder for the construction of three high-specification, ECO, scrubber-fitted MR Product Tankers to be delivered in 2029.
The SPVs have secured time charter employment for the vessels with an oil major, commencing upon their respective deliveries, for a firm duration of five years, with the charterer holding an option to extend for one additional year.