Top Ships and Gunvor partner up on MR product tanker pair

Top Ships has shelled out $27m to a company affiliated with CEO Evangelos Pistiolis for a 50% interest in two vessel owning companies that own scrubber-fitted 50,000 dwt eco MR product tankers Eco Yosemite Park and Eco Joshua Park.

Pistiolis has also sold the other 50% stake to a subsidiary of Gunvor Group, with the vessels set to go on charter to Gunvor’s Clearlake Shipping for five years, with two additional optional years.

Both of the vessels were delivered from Hyundai Mipo shipyard in March.

In February, Top Ships and Gunvor’s Clearlake Shipping confirmed the sale of MR2 tankers Eco Holmby Hills and Eco Palm Desert, owned in a 50-50 joint venture.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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