Top Ships snaps up MR tanker newbuild pair
Splash247 covers the purchase of Santa Catalina Inc. and Santa Monica Inc., two companies holding Hyundai Mipo contracts for scrubber-equipped, 50,000-dwt MR tankers. TOP Ships agreed a combined $14.35m price with an entity affiliated with chief executive Evangelos Pistiolis.
The ships were expected in February 2020 and had three-year charters with Trafigura Maritime Logistics, with an additional two-year option. Management linked the transaction to its strategy of investing in modern ships and reported an additional $38.3m of firm charter revenue. The piece records the commercial arrangements at the announcement date, rather than confirming subsequent delivery or charter performance.
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