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The advance cash payment of $23.5 million will be refunded to the Company in accordance with the terms of the letter of intent, and the Company will have no further obligations with respect to this potential
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TOP Ships (NASDAQ:TOPS) reported quarterly earnings of $0.61 per share. This is a 62.58 percent decrease over earnings of $1.63 per share from the same period last year. The company reported $25.475 million in sales
TOP Ships Inc. has agreed to acquire three high-specification ECO MR Product Tankers under construction, with time charter employment secured from an oil major for five years plus one optional year. The acquisition costs approximately $7.4 million and is expected to close by September 30, 2026. The three vessels represent approximately $140.6 million in potential gross revenue backlog, bringing the company's total potential gross revenue backlog across its fleet to approximately $929 million.