Top Ships Inc.
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Company Description
- CEO
- Evangelos J. Pistiolis
- Full Time Employees
- 86
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 20 Iouliou Kaisara Str Athens GI Greece 19002
- IPO Date
- Aug 2, 2004
- CIK
- 0001296484
- Website
- topships.org
- Similar Companies
- Business
- Top Ships Inc. (NYSE American: TOPS) is a Greece-based international owner, operator and manager of modern, fuel-efficient ECO tanker vessels focused on the seaborne transportation of crude oil, petroleum products including clean and dirty cargoes such as gasoline, diesel and jet fuel, and bulk liquid chemicals; its fleet comprises high-specification product/chemical MR2 tankers of approximately 50,000 dwt each including Eco Marina Del Rey and Eco Yosemite, Suezmax tankers such as Eco Malibu and Eco West Coast each with 157,000 dwt capacity, and very large crude carriers (VLCCs) up to 300,000 dwt, all featuring advanced ECO G-type engines, Hyundai construction, IMO II phenolic epoxy coating for enhanced cargo versatility, and long-term time charters ensuring revenue stability. Founded in 2000 by Evangelos J. Pistiolis and headquartered in Maroussi, Athens, Greece, the company operates globally serving oil producers, refiners, traders, petroleum suppliers and distributors with emphasis on safety, reliability and superior vessel performance through its experienced management team. In recent developments, Top Ships completed a Suezmax spin-off in 2025 by distributing shares in Rubico, which holds the two Suezmax vessels under long-term charters with Clearlake, enabling independent operations; successfully refinanced its tanker fleet in November 2025; entered a November 2025 letter of intent for a potential $200 million acquisition of residential real estate assets in Dubai with a 90-day exclusive option and 10% discount; acquired a 499-gt megayacht for $20 million delivered in April 2025 and agreed to purchase a newbuilding 1,150-gt megayacht for $27 million scheduled for 2027 delivery, both from affiliates of CEO Evangelos Pistiolis as part of diversification into luxury assets; and extended time charters for its MR tankers.
Company News
Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion
TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million
TOP Ships Inc. Announces Management Estimate of Net Asset Value of $359.2 Million, a 24% Increase from the Previously Reported NAV
TOP Ships Inc. Announces Decision to Sell M/Y Para Bellvm and Exit the Megayacht Sector
TOP Ships Inc. Cancels Dubai Real Estate Deal
TOP Ships Inc. Announces Sale of ECO MR Product Tanker Newbuilding for About $6.25 million
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Top Ships Announces Filing of 2025 Annual Report on Form 20-F
Top Ships Announces Management Estimate of Net Asset Value at $289 Million
Top Ships (NASDAQ:TOPS) Shares Cross Below Two Hundred Day Moving Average – Here’s Why
TOP Ships Announces Amendment of Time Charter at a Higher Daily Rate
Top Ships Inc. Announces Sale of Newbuilding Mega Yacht
TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai
Top Ships Inc. announces extension of Time Charter for its MR Tanker
Top Ships Inc. Announces Successful Completion of its Tanker Fleet Refinancing
TOP Ships Announces Approval of Listing on the Nasdaq Capital Market for Spin-Off of Rubico Inc.
Top Ships: Rubico Spin-Off Provides Short-Term Opportunity
TOP Ships Inc. Announces Ex-Distribution Date for Planned Spin-Off of Rubico, a New Nasdaq-Listed Suezmax Tanker Company