BP Shipping Keeps M/T Eco Fleet Busy for 6 More Months

Eco Fleet tankerImage Courtesy: Top Ships

BP Shipping Limited will keep M/T Eco Fleet tanker employed for six more months, Nasdaq-listed TOP Ships, owner of the vessel, said.

The MR1 tanker, built by Hyundai Vinashin in 2015, started its three-year charter with BP in July 2015 at a time charter of USD 15,200 per day.

Under the deal, the company has an option to extend the charter for two additional years at USD 16,000 and 16,750 day rates respectively, data from VesselsValue shows.

The charter extension brings Top Ship’s charter coverage for this year to 100 percent, while for 2019 the charter coverage of the company’s operating fleet stands at 83 pct.

Separately, TOP Ships announced that the sea trials of its 50 pct owned newbuilding vessel M/T Eco Palm Springs have been completed successfully.

The newbuilding MR1 tanker is scheduled for delivery from the Hyundai Vinashin shipyard on May 21, 2018.

The company has one more newbuilding set for delivery this year, the Eco Palm desert, which is being constructed by Hyundai Mipo Dockyard.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

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 >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >