TOP Ships Inc. Announces Delivery of Sixth Newbuilding Vessel and Completion of Six-Vessel Newbuilding Program
August 10 2016 - 8:00AM
TOP Ships Inc. (Nasdaq:TOPS) (“Top Ships” or the “Company”), an
international owner and operator of modern, fuel efficient “ECO” MR
tanker vessels focusing on the transportation of petroleum
products, announced today that it has taken delivery of the M/T
Nord Valiant, a 50,000 dwt fuel efficient "ECO" MR product tanker,
the final vessel under construction in the Company's fleet.
Evangelos Pistiolis, President and CEO of the
Company, stated, "The six vessel newbuilding program which started
in 2014 is now successfully completed. Our business strategy
continues to be focused on further expanding our fleet, with solid
ships and solid counter-parties."
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning
company.
For more information about TOP Ships Inc., visit
its website: www.topships.org.
Forward-Looking
StatementsMatters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “may,” “should,” “expect” “pending” and similar
expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections.
Contact:
Alexandros Tsirikos
Chief Financial Officer
TOP Ships Inc.
Tel: +30 210 812 8180
Email: atsirikos@topships.org
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