Top Ships Secures Funds for Sixth MR Tanker

Greece-based tanker owner and operator Top Ships has secured financing for the company’s 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 Vietnam’s Hyundai Vinashin yard, is scheduled for delivery in mid-August 2016.

According to VesselsValue, the tanker’s 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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >