Editorial summary
Top Ships locks in three-year charter for MR tanker in $20m deal
Shipping Telegraph reports a three-year extension of Eco Marina Del Ray’s time charter with Weco Tankers A/S. The 50,000-dwt product tanker was fixed at a daily rate of $18,250, with approximately $20m of gross revenue expected from the extended employment.
The publication places the fixture alongside TOP Ships’ completed refinancing of four tankers, which released approximately $27.2m after previous debt repayment and before fees. Together, the announcements addressed vessel employment and liquidity through different mechanisms. The charter backlog is expected gross income over the contract, rather than net profit or an amount already collected.
Originally published byShipping TelegraphRead the original article
An editorial summary of the linked publication. Figures and plans refer to its publication date.