Top Ships (TOPS) has released an update.
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Top Ships Inc., an international shipping company, announced robust charter extensions for two of its tankers, M/T Eco Yosemite Park and M/T Eco Joshua Park, predicting revenues of approximately $100 million. The new 7-year charters will start on August 1, 2024, featuring a 12% rate increase from current contracts, and include an option for a two-year extension. These agreements signify a strong market position for Top Ships, bolstered by its focus on modern, eco-friendly vessels.
For further insights into TOPS stock, check out TipRanks’ Stock Analysis page.
