TOP Ships Announces Amended Time Charter with Increased Daily Rate

TOP Ships has amended the time charter for its Suezmax tanker vessel M/T Eco Oceano, increasing the time charter rate to $30,000 per day from $24,500 per day. The new charter will start on January 1, 2026, and will last for 5 years, with an option for the Charterer to purchase the vessel for $70 million in February 2027. The amendment was approved by an independent committee of the board of directors.