TOP Ships Announces Delivery and Charter Employment of ‘Eco California’

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TOP Ships Inc. an international owner and operator of fuel efficient ‘ECO’ tanker vessels announced on Wednesday that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco California.

The tanker was constructed at the Hyundai Mipo shipyard in South Korea. The vessel is scheduled to commence its charter employment with Shell on February 4, 2019. TOP Ships focusses on the transportation of petroleum products.

The time charter with Shell contains a profit sharing element over and above the base time charter daily rate, enabling the Company to benefit from increases in product tanker spot rates, TOP Ships stated.

(Source: NASDAQ)

Sea News, January 31