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TOP Tankers Announces New Charter Contract

Maritime Activity Reports, Inc.

December 20, 2006

TOP Tankers Inc has entered into a time-charter contract for the M/T Stormless, a 150,038 DWT double-hull Suezmax tanker, built in 1993 by Mitsui Engineering & Shipbuilding Co. Ltd of Japan. The vessel is expected to commence the new time-charter by the end of December for a period of three years, at a rate of $36,900 per day.

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