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Top Ships Inc (TOPS.OQ)

TOPS.OQ on NASDAQ Stock Exchange Capital Market

0.91USD
17 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Top Ships Announces 40 Pct Reduction In Management Fees
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Top Ships Inc ::TOP SHIPS INC. ANNOUNCES 40% REDUCTION IN MANAGEMENT FEES AND 85% REDUCTION IN EXECUTIVE PAY.TOP SHIPS INC - MANAGEMENT FEE FOR COMMERCIAL AND TECHNICAL MANAGEMENT WILL BE REDUCED BY 40% TO $550 PER VESSEL PER DAY.TOP SHIPS INC - EXECUTIVE SERVICES FEES WILL BE REDUCED BY 85% TO $30,000 PER MONTH.TOP SHIPS INC - FOLLOWING IMPROVEMENT IN FEES WE EXPECT A SIGNIFICANT POSITIVE IMPACT ON BOTTOM LINE.TOP SHIPS INC - AGREED WITH ITS MANAGER TO REDUCE RELATED PARTY FEES STARTING JANUARY 1, 2019.  Full Article

Top Ships Announces Financing For Newbuilding Vessel
Monday, 2 Jul 2018 

July 2 (Reuters) - Top Ships Inc ::TOP SHIPS INC ANNOUNCES FINANCING FOR NEWBUILDING VESSEL AND FIVE YEAR TIME CHARTER WITH CARGILL INTERNATIONAL SA.TOP SHIPS INC - GROSS PROCEEDS FROM SALE AMOUNT IS $32.4 MILLION, WHICH IS TOTAL AMOUNT THAT REMAINS TO BE PAID FOR SPECIFIC VESSEL.TOP SHIPS INC - CONSUMMATION OF DEAL IS EXPECTED TO TAKE PLACE ON VESSEL'S DELIVERY DATE CURRENTLY PLANNED FOR JANUARY 2019.TOP SHIPS INC - REVENUE BACKLOG EXPECTED TO BE GENERATED BY TIME CHARTER FIXTURE IS ABOUT $27.6 MILLION.TOP SHIPS INC - FOLLOWING SALE, CO WILL BAREBOAT CHARTER BACK VESSEL AND IMMEDIATELY PUT IT ON A 5 YEAR TIME CHARTER WITH CARGILL OCEAN TRANSPORTATION.  Full Article

Top Ships Says On Jan 5, Entered Into Amendment To Note Purchase Agreement Dated Dec 14, 2017 With Crede Capital Group
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Top Ships Inc ::TOP SHIPS SAYS ON JAN 5, ENTERED INTO AMENDMENT TO NOTE PURCHASE AGREEMENT DATED DEC 14, 2017 WITH CREDE CAPITAL GROUP LLC - SEC FILIING.TOP SHIPS-PURSUANT TO AMENDMENT TO ISSUE UNSECURED PROMISSORY NOTE OF $5.4 MILLION WITH REVOLVING OPTION FOR 1 ADDITIONAL $4.6 MILLION NOTE TO CREDE.  Full Article

Top Ships Inc Announces Extension Of Time Charters For Four Vessels
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Top Ships Inc ::TOP SHIPS INC ANNOUNCES EXTENSION OF TIME CHARTERS FOR FOUR VESSELS.TOP SHIPS INC - HAS EXTENDED TIME CHARTER AGREEMENTS WITH STENA BULK AB BY 12 MONTHS FOR M/T STENAWECO ENERGY AND M/T STENAWECO ELEGANCE.TOP SHIPS INC - HAS EXTENDED TIME CHARTER AGREEMENTS WITH STENA BULK AB BY 18 MONTHS FOR M/T STENAWECO EVOLUTION AND M/T STENAWECO EXCELLENCE.TOP SHIPS INC - COMPANY EXPECTS A TOTAL GROSS REVENUE BACKLOG ASSOCIATED WITH THE TIME CHARTER EXTENSIONS OF $27.4 MILLION.  Full Article

The Lax Trust Reports 13.8 Pct Stake In Top Ships - SEC Filing
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Top Ships Inc ::THE LAX TRUST REPORTS 13.8 PERCENT STAKE IN TOP SHIPS INC AS ON DECEMBER 20 - SEC FILING.THE LAX TRUST HAD PREVIOUSLY REPORTED 26.2 PERCENT STAKE IN TOP SHIPS INC AS ON NOV 15.  Full Article

Top Ships announces newbuilding vessel with Time Charter to Oil Major
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Top Ships Inc :Top Ships Inc. announces Newbuilding Vessel with Time Charter to Oil Major.Top Ships Inc - ‍company paid $3.6 million for outstanding shares and vessel is scheduled for delivery during January 2019​.Top Ships - ‍acquired all shares of PCH77 shipping company limited, a marshall islands company that owns a new building contract for m/t eco california​.Top Ships Inc - co paid $3.6 million for outstanding shares of PCH77 shipping company limited and vessel is scheduled for delivery during January 2019​.  Full Article

Top Ships agrees to enter into a $12.5 million note purchase agreement
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Top Ships Inc :Says ‍agrees to enter into a $12.5 million note purchase agreement with option for additional $5 million​.Says ‍notes will have a 2-year term​.Says ‍notes to bear interest at 2% per annum for first 90 days, 10% per annum for next 90 days, and 15% per annum for remaining duration of term​.  Full Article

Crede Capital Group reports a 9.97 pct passive stake in Top Ships
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Top Ships Inc ::Crede Capital Group LLC reports a 9.97 pct passive stake in Top Ships Inc <<>> as of Nov 8 - SEC filing.  Full Article

Top Ships enters into a common stock purchase agreement
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Top Ships Inc :Top Ships says on Nov 7, co entered into a common stock purchase agreement for up to $25 million of shares of stock, par value $0.01 - SEC filing‍​.  Full Article

BRIEF-Top Ships Announces Extension Of Time Charter Of M/T Eco Fleet

* TOP SHIPS INC. ANNOUNCES EXTENSION OF TIME CHARTER OF M/T ECO FLEET