TOP Ships Inc. announced an amendment to the time charter agreement for its Suezmax tanker vessel M/T Eco Oceano with Central Tankers Chartering Inc., a company affiliated with TOP Ships’ CEO, Director, and major shareholder, Evangelos J. Pistiolis. The amended charter will have a duration of five years beginning January 1, 2026, at a daily rate of $30,000. Previously, the charter was set to run until March 2037 at a daily rate of $24,500. The amendment also grants the charterer a purchase option, exercisable only during February 2027, for $70 million. The amendment was approved by an independent committee of the board of directors, which obtained a fairness opinion from an independent financial advisor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOP Ships Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9620631) on January 06, 2026, and is solely responsible for the information contained therein.