TOP Ships Announces Delivery of Third Newbuilding Vessel


ATHENS, Greece — 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 Ecofleet, a 39,000 dwt fuel efficient "ECO" MR product tanker, the third of six vessels under construction in the Company's fleet. The company also announced that the M/T Ecofleet has commenced its time charter employment with BP Shipping Limited.



The remaining three vessels are scheduled for delivery between the first and the third quarter of 2016.



Evangelos Pistiolis, President and CEO of Top Ships, stated, "The newbuilding ECO MR product tanker platform which was formed a little over a year ago is continuing to build up its size and cash flow and in almost a year from today our fleet will be double with 6 vessels in the water. Our business strategy continues to be focused on further expanding our fleet."



About TOP Ships Inc.

TOP Ships Inc. is an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products.



For more information about TOP Ships Inc., visit its website: www.topships.org.

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