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TOP Ships Locks in $680 Million Revenue via New Tanker Charters

By Stocks Desk · 2026-09-16 · Updated 2026-09-16 13:26 UTC
A large ocean-going tanker ship floating on calm blue water
Illustration: Tradingbird

TOP Ships has secured $680.4 million in long-term charter revenue through new MR tanker contracts with Trafigura and another major, financing 85% via leases, while reporting $6.5 million in net income for the first half of 2026 despite a year-over-year decline in earnings.

  • New details from GN markets/earnings (en-US) reveal that the $680.4 million in contracted revenue is split between eight newbuilds chartered to Trafigura and three to an unnamed oil major, with roughly 85% of construction costs covered by lease financing. The update also notes that while first-half 2026 profitability was maintained, net income and EBITDA both declined year-over-year.

    Source: Stock Titan

  • TOP Ships reported $6.5 million net income for the first half of 2026 while securing long-term contracts for its expanding fleet.

    Source: Yahoo Finance
Based on reporting by Yahoo Finance and Stock Titan, compiled by the Tradingbird desk.

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