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TOP Tankers Announces Sale of Tanker

Maritime Activity Reports, Inc.

November 3, 2006

TOP Tankers Inc., announced the sale of Topless, a 47,262 Dwt, double-hull Handymax tanker built in 1998. The vessel is expected to be delivered to its new owners within the next 60 days. The sale will result in a book profit of approximately $5.5 million, which will be recognized upon delivery of the vessel.
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