TOP Ships Inks New Time Charter Contract with BP

Greek shipowner TOP Ships has agreed a new time charter employment contract for its product/chemical tanker M/T Eco Revolution.

The two-year contract has been signed with BP Shipping, the maritime arm of BP.

Eco Revolution is currently working for BP under a three-year charter deal. As informed, the new time charter will commence in January 2019 immediately after the expiry of the present time charter employment contract.

The revenue backlog expected to be generated by this fixture is about USD 10 million, according to Top Ships.

“Following this fixture, total gross revenue backlog for the fixed charter period of operating vessels, from June 30, 2018, stands at about USD 221 million, increasing to about USD 235 million when adding the 50% of our joint venture vessels,” Evangelos Pistiolis, the President, Chief Executive Officer and Director of the company, said.

Built at Hyundai Vinashin shipyard in 2016, Eco Revolution is a 39,000 dwt “ECO” MR tanker.