TOP Tankers Sells Handymax Vessel

Wednesday, October 11, 2006
TOP Tankers Inc. on said it expects to book a profit of about $4m from the sale of one its tankers to an undisclosed buyer. The company said it plans to recognize the gain in the fourth quarter, but didn't disclose the sale price. The Taintless, a double-hull Handymax tanker built in 1999, will be delivered to its new owners in the next 60 days, the company said. The sale of the vessel brings the company's fleet of 26 tankers to 13 double-hull Suezmax tankers and 13 double-hull Handymax tankers, with a total capacity of about 2.5m tons. Source: AP

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