TOP Ships (TOPS) Redelivers MT Relentless, Pays $2.5M Termination Fee; Files Annual Report on Form 20-F

July 6, 2009 4:12 PM EDT

TOP Ships Inc. (Nasdaq: TOPS) announced today it has redelivered the MT Relentless (DWT 47,081) to its owners and paid a termination fee of $2.5 million. The termination fee and redelivery of the vessel were part of the termination agreement signed in April, 2009. This was the last leased vessel in TOP Ships' fleet.

Additionally, TOP Ships announced that it has filed its Annual Report on Form 20-F, on June 29, 2009, for the year ended 2008. The Annual Report is available for download on the Company's website, www.topships.org.


Related Categories

Corporate News

Stocks Mentioned

TOPS 1.03

+0.03 +3.00%
Volume: 40,627
Track TOPS


Add Your Comment