TOP Ships Inc., an international owner and operator of modern, fuel-efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco California, constructed at the Hyundai Mipo shipyard in South Korea.

TOP Ships Inc. Announces Delivery and Charter Employment of MT Eco California
Caption: 50,000-dwt tanker Eco Palm Desert, a sister vessel of Eco California

The vessel is scheduled to commence its charter employment with Shell on February 4, 2019.

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.

Source: TOP Ships