Top Ships Secures Funds for Sixth MR Tanker

Top Ships Greece-based tanker owner and operator Top Ships has secured financing for the companys sixth and final newbuilding vessel, the 50,000 dwt fuel efficient ECO MR product tanker, M/T Nord Valiant. Namely, the company said that it entered into a senior secured facility with an undisclosed northern European bank, however, no further details on the deal were revealed. Nord Valiant, currently under construction at Vietnams Hyundai Vinashin yard, is scheduled for delivery in mid-August 2016. According to VesselsValue, the tankers market value stands at USD 30.8 million. The six vessel newbuilding program that started in 2014 is now fully funded and nearing its completion. Our business strategy continues to be focused on further expanding our fleet, with solid ships and solid counterparties, Evangelos Pistiolis, President and CEO, said.