TOP Ships Fifth Newbuilding Vessel

Monday, June 08, 2009

TOP Ships Inc. (NASDAQ: TOPS) announced that it has taken delivery of the M/T Britto from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea.The Britto is the fifth of six 50,000 dwt product / chemical tankers to be delivered within 2009. The Britto has entered into a bareboat time-charter employment for a period of 10 years at a daily rate of $14,550.

(www.topships.org)

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