TOP Ships took delivery of its third and fourth newbuilding vessels

TOP Ships Inc. announced that it has taken delivery of the M/Ts “IONIAN WAVE” and “TYRRHENIAN WAVE” from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea.
The “IONIAN WAVE” and the “TYRRHENIAN WAVE” are the third and fourth of six 50,000 dwt product / chemical tankers to be delivered within the first and second quarter of 2009. The “IONIAN WAVE” and the “TYRRHENIAN WAVE” have entered into respective bareboat time-charter employments for a minimum period of seven years at a daily rate of $14,300, with three successive one-year options at a higher daily rate.

Source: Transportweekly