TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced today that it has concluded Financing Agreements of up to $45.8 million for M/T Eco California, currently under construction at Hyundai Mipo Co., Ltd. in South Korea and for M/T Nord Valiant, with a major Chinese leasing company.  

Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California
Caption: Chemical/Oil Products Tanker Kyriakos Lykidis - Image courtesy of Kyriakos Lykidis

Evangelos Pistiolis, the President, Chief Executive Officer and Director of the Company, said: “We are very pleased to have concluded this financing with a very high-quality financier which essentially concludes the post-delivery financing of our current newbuilding fleet.”

Source: TOP Ships