This board is for fundamental and technical discussion about Top Ships, Inc., Ticker TOPS
Top Tankers, Inc. is a provider of international seaborne transportation services carrying refined petroleum products and crude oil. As of December 31, 2006, the Company's fleet consisted of 24 vessels (including 18 vessels sold and leased-back), consisting of 11 double-hull Handymax product tankers and 13 double-hull Suezmax tankers, with a total cargo carrying capacity of approximately 2.5 million deadweight tons (dwt). TOP manages the deployment of the fleet between spot market voyage charters, which generally last from several days to several weeks, and time charters, which can last up to several years. During the year ended December 31, 2006, the Company sold and leased-back four double-hull Handymax, four double-hull Suezmax and five double-hull Suezmax tankers for a period of 5 years, 5 years and 7 years, respectively. The Company entered into an agreement with SPP Shipbuilding Co, Ltd of the Republic of Korea for the construction of six Product/Chemical tankers.
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