TOP Ships -Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates and Revenue of $100 Million

Group 1 - TOP Ships Inc. announced that its 50% subsidiaries, which own M/T Eco Yosemite Park and M/T Eco Joshua Park, have entered into agreements to extend their time charter employment at higher rates [4] - The new time charters will commence on August 1, 2024, with a gross daily hire rate of $19,500, reflecting a 12% increase from the current rate [1] - The expected revenue from these charters for the firm period is approximately$ 100 million [1] Group 2 - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient "ECO" tanker vessels, focusing on transporting crude oil, petroleum products, and bulk liquid chemicals [5]