Top Ships (TOPS) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Top Ships Inc., an international shipping company, announced robust charter extensions for two of its tankers, M/T Eco Yosemite Park and M/T Eco Joshua Park, predicting revenues of approximately $100 million. The new 7-year charters will start on August 1, 2024, featuring a 12% rate increase from current contracts, and include an option for a two-year extension. These agreements signify a strong market position for Top Ships, bolstered by its focus on modern, eco-friendly vessels.
For further insights into TOPS stock, check out TipRanks’ Stock Analysis page.