Jun. 24 at 7:26 PM
TOP Ships Inc. (NYSE American:
$TOPS ), an international owner and operator of modern, fuel-efficient ECO tanker vessels, announced that its 2022-built Very Large Crude Carrier, the M/T Legio X, has safely exited the Strait of Hormuz, where it had remained since the beginning of the disruption to navigation through the waterway. Throughout that period the vessel kept earning revenue under its existing time charter, and the company reported no interruption to the contracted cash flows generated by the vessel.
TOP Ships is a B2i Digital Featured Company. See the company’s profile at b2idigital.com/top-ships.
Separately, the company noted that charter free vessel value estimates from a third-party international broker place comparable VLCC values roughly 13% above the levels used in its net asset value estimate from March 10, 2026.
Read the full announcement: https://www.globenewswire.com/news-release/2026/06/24/3316895/14465/en/TOP-Ships-Announces-Safe-Exit-of-Vessel-from-the-Strait-of-Hormuz-and-Stronger-Vessel-Values.html
About TOP Ships: TOP Ships Inc. is an international owner and operator of ocean-going vessels focused on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty), and bulk liquid chemicals.
For investor inquiries, contact Alexandros Tsirikos, Chief Financial Officer, at +30 210 812 8107 or
[email protected]. For more information, visit www.topships.org.
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Disclosure: David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted TOPS stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. See the complete Disclosure at https://b2idigital.com/disclaimer. B2i Digital is not a broker-dealer or investment adviser.
