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4 Handymax charters terminated

4 Handymax charters terminated
TOP Ships Inc. announced that it has terminated its bareboat charters for four Handymax vessels.

TOP Ships Inc. announced that it has terminated its bareboat charters for four Handymax vessels.

TOP Ships Inc. (Nasdaq: TOPS) announced that it has terminated its bareboat charters for four Handymax vessels: the Faithful (DWT 45,720, built 1992), the Doubtless (DWT 47,076, built 1991), the Spotless (DWT 47,100, built 1991) and the Vanguard (DWT 47,100, built 1992), and redelivered the vessels to their owners after paying $11.75 million in termination fees and expenses.

Additionally, the Company announced today that the MV Astrale, a 75,933 DWT Panamax drybulk vessel, has entered into a time charter employment with Daeyang Shipping Co. Ltd., a Korean charterer, for a period of two years at a gross rate of $18,000 per day.

www.TurkishMaritime.com.tr

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