Brief: Top Ships Inc Announces Joint Venture With Gunvor Group
24/04/2020 14:16
April 24 (Reuters) - Top Ships Inc TOPS.O :
* TOP SHIPS INC. ANNOUNCES PURCHASE OF 50% INTERESTS IN TWO
2020-BUILT SCRUBBER-FITTED ECO MR PRODUCT TANKERS AND JOINT
VENTURE WITH GUNVOR GROUP
* TOP SHIPS INC - TOTAL POTENTIAL GROSS REVENUE BACKLOG FROM
THESE
CONTRACTS IS ABOUT $91.7 MILLION
* TOP SHIPS INC - ACQUIRED 50% INTEREST IN TWO VESSEL OWNING
COMPANIES M/T ECO YOSEMITE PARK AND M/T ECO JOSHUA PARK FOR $27
MILLION
* TOP SHIPS INC - VESSELS HAVE 5 YEAR NON-AMORTIZING SENIOR
FINANCING AGREEMENT IN PLACE FROM MAJOR GREEK BANK FOR ABOUT 45%
OF THEIR CHARTER-FREE VALUE
Source text for Eikon: ID:nGNX9G9j1k
Further company coverage: TOPS.O
((Reuters.Briefs@thomsonreuters.com;))
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