TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced yesterday (Apr20) that its 50% subsidiary, Eco Nine Pte., concluded the previously announced sale of its 100% owned vessel, M/T Palm Springs.

TOP Ships Inc. Announces Conclusion of Sale of MT Palm Springs
Caption: Chemical/Oil Products Tanker Eco Palm Springs - Image courtesy of Patrick Deenik

The cash release to the Company amounts to $9.7 million.

Eco Palm Springs is a 49,703 dwt chemical/oil products tanker built in 2008 sailing under the flag of Singapore.

Source: Top Ships