Delaware River Ports
View Issue #594 Now!
TOP Ships announces agreements to sell its current fleet and acquire new vessels
TOP Ships Inc., an international maritime shipping company that provides transportation services for petroleum products
and dry bulk commodities, hasannounced hat it has entered into three Stock Purchase Agreements with an affiliate of the AMCI Poseidon investment fund by which the Company has agreed to sell the six shipowning subsidiaries which own the Company's six vessels, for an aggregate cash consideration of approximately $173 million less approximately $135 million in debt and swap obligations of the Company that will be assumed by the buyers.
Read Full Article: http://www.ajot.com/news/top-ships-announces-agreements-to-sell-its-current-fleet-and-acquire-new-ve
American Journal of Transportation
116 Court Street, Suite 5
Plymouth, MA 02360
© Copyright 1999–2015 American Journal of Transportation.All Rights Reserved.