Top Ships Inc's Corporate Customers have recorded an advance in their cost of revenue by 0.79 % in the 4 quarter 2025 year on year, sequentially costs of revenue grew by 0.2 %. During the corresponding time, Top Ships Inc saw a revenue deteriorated by -6.63 % year on year, While revenue at the Top Ships Inc 's corporate clients fell by -1.32 % year on year, sequentially revenue grew by 190.72 %.
Top Ships Inc's Customers have recorded an advance in their cost of revenue by 0.79 % in the 4 quarter 2025 year on year, sequentially costs of revenue grew by 0.2 %, for the same period Top Ships Inc revnue deteriorated by -6.63 % year on year,
Top Ships Inc's Comment on Sales, Marketing and Customers
Our customers include national, regional and international companies. We have
historically derived a significant part of our revenue from a small number of
charterers. 100% of our revenue was derived from three charterers, Stena Weco
A/S, Emirates Ship Investment Company (ESHIPS) LLC and Newton Shipping Ltd, which
respectively provided 73%, 15% and 12% of our revenues. However revenue collected
from Newton Shipping Ltd refers to older demurrage revenue for the vessel M/T
Noiseless, due from 2007. Approximately 99% of our revenue was derived from three
charterers, Daelim H&L Co. Ltd., United Arab Chemical Carriers, Ltd and Perseveranza
Di Navigatione S.p.a, which respectively provided 63%, 18% and 18% of our revenues,
respectively. We strategically monitor developments in the tanker industry on
a regular basis and, subject to market demand, seek to adjust the charter hire
periods for our vessels according to prevailing market conditions.
TOP Ships Inc. Expands Time Charter Employment for VLCC Tankers and Achieves Impressive Financial Performance ATHENS, Greece, Nov. 22, 2023 - TOP Ships Inc. (NASDAQ: TOPS), a leading international owner and operator of modern, eco-friendly tanker vessels, has recently announced an extension of the time charter employment contracts for two of its VLCC vessels, M/T Julius Caesar and M/T Legio X Equestris. This move comes with an increased rate that reflects the Company s commitment to delivering high-quality shipping services. With an extended firm period of approximately 3 years at a daily rate of $41,500 per vessel, in addition to two additional years at the charterers option, TOP Ships Inc. aims to rei...
Top Ships Inc’s Comment on Sales, Marketing and Customers
Our customers include national, regional and international companies. We have
historically derived a significant part of our revenue from a small number of
charterers. 100% of our revenue was derived from three charterers, Stena Weco
A/S, Emirates Ship Investment Company (ESHIPS) LLC and Newton Shipping Ltd, which
respectively provided 73%, 15% and 12% of our revenues. However revenue collected
from Newton Shipping Ltd refers to older demurrage revenue for the vessel M/T
Noiseless, due from 2007. Approximately 99% of our revenue was derived from three
charterers, Daelim H&L Co. Ltd., United Arab Chemical Carriers, Ltd and Perseveranza
Di Navigatione S.p.a, which respectively provided 63%, 18% and 18% of our revenues,
respectively. We strategically monitor developments in the tanker industry on
a regular basis and, subject to market demand, seek to adjust the charter hire
periods for our vessels according to prevailing market conditions.
Sources:
Top Ships Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Top Ships Inc’s corporate clients.
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