TOP Ships details charter deal with Stena Weco

Athens: TOP Ships has taken delivery of the StenaWeco Evolution, a 50,000 dwt product tanker, the second of six vessels under construction. The remaining four vessels are scheduled for delivery between the third quarter of 2015 and the third quarter of 2016.

The ship is going on a sale and leaseback to Stena Weco. The vessel has been chartered back on a bareboat basis for seven years at a daily bareboat hire of $8,625. TOP Ships has the option to buy back the vessel from the end of year three up to the end of year seven at a purchase price which is calculated based on when the option is exercised.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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