TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an agreement to sell the M/V ASTRALE, a 75,933 dwt Panamax drybulk vessel built in 2000.
The vessel is expected to be delivered to its new owners by mid August 2011. The sale of the M/V ASTRALE will result in a book loss of approximately $40 million which will be recognized in the second quarter of 2011.
About TOP Ships Inc.
TOP Ships Inc. is an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities.
[mappress] Source: TOP Ships Inc, July 7, 2011