TOP Ships Takes Delivery of 2nd Newbuild

Tuesday, February 24, 2009

TOP Ships Inc. (NASDAQ: TOPS) announced on Feb. 23 that it has taken delivery of the M/T Lichtenstein from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea.

The Lichtenstein is the second of six 50,000 dwt product / chemical tankers to be delivered within the first and second quarter of 2009. The Lichtenstein has entered into a bareboat time-charter employment for a period of 10 years at a daily rate of $14,550.

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