From Dubai Property to Tankers: TOP Ships Signs Four-Ship GSI Deal
Xinde Marine News analyses TOP Ships’ agreement for four Ice Class 1A MR tankers at GSI within a broader shift back towards tanker ownership. The project-company shares were priced at approximately $34.95m, while the four underlying shipbuilding contracts totalled $198m. Deliveries were planned between June 2029 and March 2030.
The coverage follows the withdrawal from the Dubai property proposal, the use of its $23.5m refund for an earlier tanker acquisition and planned disposal of Para Bellvm. It explains how project-company purchases combine shipbuilding contracts, lease financing and charter employment. The latest quartet’s potential $316.9m charter revenue included all optional periods; acquisition completion and financing remained conditions.
An editorial summary of the linked publication. Figures and plans refer to its publication date.