TOP Ships to Buy Nine ECO MR Tanker Newbuilds in $679M Backlog Deal
TOP Ships Inc. (NASDAQ:TOPS) said it will acquire nine special purpose companies that hold shipbuilding contracts for ECO MR product/chemical tankers, in a deal that carries a potential gross revenue backlog of about $679 million. The transaction, with an entity affiliated with the company's CEO as seller, includes secured time charter employment s…