Top Tankers Receives M/T Edgeless

Maritime Activity Reports, Inc.

December 15, 2005

TOP Tankers Inc has taken delivery of the M/T Edgeless, a 147,048 DWT double-hull Suezmax tanker, built in 1994 by Harland & Wolff Heavy Industries Ltd, of the United Kingdom. The vessel has been financed with the Company's cash reserves and secured bank debt. The M/T Edgeless is the final of four Suezmax deliveries for the fourth quarter of 2005 and will be deployed in the spot market, which currently averages approximately $75,000 per day.
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