TOP Ships Set to Sell Additional Ships
Source:Morning Star Research
2011.09.19
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According to a weekly market report filed by shipbroker WeberSeas, TOP Ships TOPS has offered two more vessels for sale, on top of another vessel also reportedly currently for sale and the two ships sold in the first half of 2011.
Altogether, we expect these assets to garner a total consideration of about $115.5 million, a bit less than the carrying debt level of about $118 million on the ships. After the disposal of these ships, the firm would retain ownership of just seven vessels--one dry bulk ship and six tankers; TOP also rents a seventh tanker.