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Top Ships Inc   (TOPS)
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Price: $13.3500 $-0.03 -0.224%
Day's High: $13.44 Week Perf: -4.71 %
Day's Low: $ 12.95 30 Day Perf: -4.44 %
Volume (M): 19 52 Wk High: $ 18.97
Volume (M$): $ 256 52 Wk Avg: $10.21
Open: $13.35 52 Wk Low: $5.51



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 0
 Employees 1
 Revenues (TTM) (Millions $) 81
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) 217

Top Ships Inc

Our predecessor, Ocean Holdings Inc., was formed as a corporation in January 2000 under the laws of the Republic of the Marshall Islands and renamed Top Tankers Inc. in May 2004. Top Tankers Inc. was renamed Top Ships Inc. Our common stock is currently listed on the Nasdaq Global Select Market under the symbol "TOPS." The current address of our principal executive office is 1 Vasilisis Sofias and Megalou Alexandrou Str, 15124 Maroussi, Greece. The telephone number of our registered office is +30 210 812 8000.

We are a provider of international seaborne transportation services, carrying petroleum products and crude oil for the oil industry. Our fleet consists of two chartered-in 50,000 dwt product/chemical tankers vessels, M/T Stenaweco Energy and M/T Stenaweco Evolution, and four newbuilding vessels:


We intend to continue to review the market in order to identify potential acquisition targets on accretive terms.

We believe we have established a reputation in the international ocean transport industry for operating and maintaining vessels with high standards of performance, reliability and safety. We have assembled a management team comprised of executives who have extensive experience operating large and diversified fleets of tankers and who have strong ties to a number of national, regional and international oil companies, charterers and traders.

Our Fleet Manager provides technical and commercial management services for our chartered-in fleet, and newbuilding supervision services for our four newbuilding vessels, and will provide all operational, technical and commercial functions relating to the chartering and operation of the later upon their delivery pursuant to a Letter Agreement.

The seaborne transportation industry is a vital link in international trade, with ocean going vessels representing the most efficient and often the only method of transporting large volumes of basic commodities and finished products. Demand for oil tankers is dictated by world oil demand and trade, which is influenced by many factors, including international economic activity; geographic changes in oil production, processing, and consumption; oil price levels; inventory policies of the major oil and oil trading companies; and strategic inventory policies of countries such as the United States, China and India.

Shipping demand, measured in tonne-miles, is a product of (a) the amount of cargo transported in ocean going vessels, multiplied by (b) the distance over which this cargo is transported. The distance is the more variable element of the tonne-mile demand equation and is determined by seaborne trading patterns, which are principally influenced by the locations of production and consumption. Seaborne trading patterns are also periodically influenced by geo-political events that divert vessels from normal trading patterns, as well as by inter-regional trading activity created by commodity supply and demand imbalances. Tonnage of oil shipped is primarily a function of global oil consumption, which is driven by economic activity as well as the long-term impact of oil prices on the location and related volume of oil production. Tonnage of oil shipped is also influenced by transportation alternatives (such as pipelines) and the output of refineries.

We strategically monitor developments in the tanker industry on a regular basis and, subject to market demand, will seek to enter into shorter or longer time or bareboat charters according to prevailing market conditions.



   Company Address: 1 Vasilisis Sofias and Megalou Alexandrou Str Maroussi 15124
   Company Phone Number: 812 8107   Stock Exchange / Ticker: NASDAQ TOPS
   TOPS is expected to report next financial results on March 30, 2024.


Customers Net Income fell by TOPS's Customers Net Profit Margin fell to

-19.31 %

4.96 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ASC        5.88% 
FRO        4.19% 
NVGS        0.92% 
SFL   -4.83%    
TK        0.98% 
TNP        2.1% 
• View Complete Report
   



Financing Agreement

TOP Ships Inc. Sets Sail for Success with Refinancing and Redemption Strategies

Published Wed, Feb 7 2024 2:23 PM UTC



In a recent announcement, TOP Ships Inc. (NASDAQ:TOPS) ?? a renowned international owner and operator of fuel-efficient ECO tanker vessels ?? declared its impressive progress with vessel refinancings and the full redemption of Series F perpetual preferred shares held by a related party. This strategic move is expected to bolster the company's financial stability an...

Stock Market Announcement

Top Ships Sets Sails towards Shareholder Value with Ambitious Repurchase Program

Published Thu, Dec 14 2023 1:30 PM UTC

Top Ships Announces Share Repurchase Program
ATHENS, Greece, Dec. 14, 2023 - Top Ships Inc. (NASDAQ: TOPS), a leading international owner and operator of modern, fuel-efficient ECO tanker vessels, has recently made an exciting announcement regarding its share repurchase program. With a current outstanding share count of 3.0320132013201 million and a share price of $16.69...

Management Announcement

Top Ships Sails Towards New Heights with Surging Net Asset Value and Revenue Backlog

Published Tue, Dec 12 2023 1:30 PM UTC



Top Ships Inc, a prominent international owner and operator of fuel-efficient ECO tanker vessels, recently revealed a substantial increase in its Net Asset Value (NAV). By incorporating the latest charter value estimates from a reliable third-party international broker, alongside debt outstanding and cash, the company's NAV as of December 12, 2023, rose to an impre...

Shares

TOP Ships Inc. Streamlines Ownership Structure and Fortifies Shareholder Trust with Conversion of Series E Preferred Shares

Published Thu, Dec 7 2023 1:30 PM UTC


Introduction
In a significant move towards enhancing its shareholder trust and solidifying its financial position, TOP Ships Inc. (NASDAQ:TOPS), an international owner and operator of modern, fuel-efficient ECO tanker vessels, announced the conversion of 100% of the Series E preferred shares held by a trust for the benefit of family members of the Company's CEO. Thi...

Contract

TOP Ships Inc. Sets Sail Towards Success, Expands VLCC Time Charter Contracts and Achieves Remarkable Financial Growth.

Published Wed, Nov 22 2023 2:15 PM UTC

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 ...






 

Top Ships Inc's Segments
 
 
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