Top Ships secures financing for product tanker

Top Ships secures financing for product tanker

Greek tanker operator Top Ships has entered into a senior secured facility with a major northern European bank for the financing of the M/T Nord Valiant, a 50,000 dwt MR product tanker.

The vessel is the last vessel under construction in the company’s fleet, currently scheduled for delivery in mid-August 2016.

“The six vessel newbuilding program that started in 2014 is now fully funded and nearing its completion. Our business strategy continues to be focused on further expanding our fleet, with solid ships and solid counterparties,” said Evangelos Pistiolis, president and ceo of Top Ships.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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