Greece: TOP Ships Announces New Charter for M/T TYRRHENIAN WAVE

TOP Ships Inc., an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced that it has taken repossession of the M/T “TYRRHENIAN WAVE” from the previous Charterer and delivered the vessel to a major Charterer under a new bareboat charter for a minimum period of seven (7) years with three successive one-year options at a daily rate of US$ 9,000.

Top Ships Inc. is examining its options, including discussing a commercial solution with the previous Charterer, in order to recover the amounts due.

[mappress]

Source: TOPShips, May 26, 2011