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Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece.

Top Ships Inc.

ATHENS, GREECE, JULY 29, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE "COMPANY" OR "TOP SHIPS") (NYSE AMERICAN: TOPS), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL-EFFICIENT "ECO" TANKER VESSELS, ANNOUNCED TODAY THAT IT HAS ENTERED INTO A SHARE PURCHASE AGREEMENT (THE "SPA") WITH A RELATED PARTY (THE SELLER) TO PURCHASE THE SHARES OF THREE COMPANIES (THE "SPVS"), EACH OF WHICH IS PARTY TO ONE SHIPBUILDING CONTRACT WITH AN ESTABLISHED, WORLD-CLASS SHIPBUILDER FOR THE CONSTRUCTION OF THREE HIGH-SPECIFICATION, ECO, SCRUBBER-FITTED MR PRODUCT TANKERS TO BE DELIVERED IN 2029. THE SPVS HAVE SECURED TIME CHARTER EMPLOYMENT FOR THE VESSELS WITH AN OIL MAJOR, COMMENCING UPON THEIR RESPECTIVE DELIVERIES, FOR A FIRM DURATION OF FIVE YEARS, WITH THE CHARTERER HOLDING AN OPTION TO EXTEND FOR ONE ADDITIONAL YEAR.

TOP SHIPS INC. ANNOUNCES ACQUISITION OF THREE HIGH SPECIFICATION NEWBUILDING MR TANKERS AND POTENTIAL GROSS REVENUE BACKLOG OF ABOUT $0.93 BILLION

ATHENS, GREECE, JULY 28, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY OR TOP SHIPS) (NYSE AMERICAN: TOPS), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL-EFFICIENT ECO TANKER VESSELS, ANNOUNCED TODAY THAT IT HAS ENTERED INTO AN AGREEMENT WITH RUBICO INC., A RELATED PARTY, TO SELL 100% OF THE ISSUED AND OUTSTANDING SHARES OF A MARSHALL ISLANDS COMPANY (THE SPV) THAT IS PARTY TO A SHIPBUILDING CONTRACT WITH GUANGZHOU SHIPYARD INTERNATIONAL COMPANY LIMITED AND CHINA SHIPBUILDING TRADING CO., LTD. FOR THE CONSTRUCTION OF A 47,499 DWT CHEMICAL/PRODUCT OIL CARRIER SCHEDULED FOR DELIVERY IN THE SECOND QUARTER OF 2029.

TOP SHIPS ANNOUNCES SALE OF A NEWBUILDING MR TANKER FOR ABOUT $6.5 MILLION

ATHENS, GREECE, JULY 27, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY OR TOP SHIPS) (NYSE AMERICAN: TOPS), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL-EFFICIENT ECO TANKER VESSELS, ANNOUNCED TODAY THAT AFTER TAKING INTO ACCOUNT THE JUNE 30, 2026, CHARTER FREE VESSEL VALUE ESTIMATES FROM THIRD PARTY INTERNATIONAL BROKERS, DEBT OUTSTANDING AND CASH, MANAGEMENT ESTIMATES THE COMPANY'S NET ASSET VALUE (NAV) AS OF JUNE 30, 2026, TO BE $359.2 MILLION. THIS REFLECTS A 24% INCREASE FROM THE PREVIOUS NAV REPORTED ON MARCH 10, 2026.

TOP SHIPS INC. ANNOUNCES MANAGEMENT ESTIMATE OF NET ASSET VALUE OF $359.2 MILLION, A 24% INCREASE FROM THE PREVIOUSLY REPORTED NAV

ATHENS, GREECE, JULY 22, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY OR TOP SHIPS) (NYSE AMERICAN: TOPS), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL-EFFICIENT ECO TANKER VESSELS, ANNOUNCED TODAY THAT IT HAS DECIDED TO SELL THE M/Y PARA BELLVM AND EXIT THE MEGAYACHT SECTOR. THE M/Y PARA BELLVM IS A 47-METER YACHT BUILT IN 2023 AT THE SANLORENZO SHIPYARD, WITH CAPACITY FOR 12 GUESTS AND A CREW OF 10.

TOP SHIPS INC. ANNOUNCES DECISION TO SELL M/Y PARA BELLVM AND EXIT THE MEGAYACHT SECTOR

ATHENS, GREECE, JULY 16, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY OR TOP SHIPS) (NYSE AMERICAN: TOPS), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL-EFFICIENT ECO TANKER VESSELS, ANNOUNCED TODAY THAT IT HAS ELECTED NOT TO EXERCISE ITS OPTION TO ACQUIRE THE PORTFOLIO OF RESIDENTIAL REAL ESTATE ASSETS IN DUBAI CONTEMPLATED BY THE LETTER OF INTENT ANNOUNCED ON NOVEMBER 28, 2025.

TOP SHIPS INC. CANCELS DUBAI REAL ESTATE DEAL

ATHENS, GREECE, JULY 15, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL EFFICIENT "ECO" TANKER VESSELS, ANNOUNCED TODAY THAT IT HAS ENTERED INTO AN AGREEMENT WITH RUBICO INC TO SELL 100% OF THE ISSUED AND OUTSTANDING SHARES OF ONE MARSHALL ISLAND COMPANY (THE SPV) WHICH IS A COUNTERPARTY TO A SHIP BUILDING CONTRACT FOR ONE VERY-HIGH SPECIFICATION 47,499 DWT MEDIUM RANGE PRODUCT/CHEMICAL OIL TANKER WITH GUANGZHOU SHIPYARD INTERNATIONAL COMPANY LIMITED, SCHEDULED FOR DELIVERY DURING 2029.

TOP SHIPS INC. ANNOUNCES SALE OF ECO MR PRODUCT TANKER NEWBUILDING FOR ABOUT $6.25 MILLION

CONTRACT AWARD FOR TILTAN'S TOPS-NX STATE-OF-THE-ART, PHYSICS-BASED 3D ENGINE THAT PROVIDES INFRARED (IR) AND VISUAL (VIS) SIMULATION CAPABILITIES FOR MULTI-DOMAIN UNMANNED AERIAL SYSTEM (UAS) ARRAYS CONTRACT AWARD FOR TILTAN'S TOPS-NX STATE-OF-THE-ART, PHYSICS-BASED 3D ENGINE THAT PROVIDES INFRARED (IR) AND VISUAL (VIS) SIMULATION CAPABILITIES FOR MULTI-DOMAIN UNMANNED AERIAL SYSTEM (UAS) ARRAYS

T3 DEFENSE SUBSIDIARY TILTAN SECURES $1.3 MILLION ORDER FOR ADVANCED SIMULATION SOLUTION ACROSS LARGE-SCALE ISRAELI DEFENSE UAS PROGRAM

NEW RENDERINGS REVEAL LATEST VISION FOR $1.7 BILLION RIVERFRONT DESTINATION EXPECTED TO CREATE 3,000 NEW JOBS CHICAGO, MAY 1, 2026 /PRNEWSWIRE/ -- BALLY'S CHICAGO YESTERDAY MARKED A MAJOR CONSTRUCTION MILESTONE AT ITS PERMANENTCASINO SITE AT 560 W. GRAND AVE.

BALLY'S CHICAGO TOPS OFF PERMANENT CASINO, MARKING MAJOR CONSTRUCTION MILESTONE ON PATH TO SPRING 2027 OPENING

ATHENS, GREECE, APRIL 02, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL EFFICIENT "ECO" TANKER VESSELS, ANNOUNCED TODAY THAT ITS ANNUAL REPORT ON FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2025 (THE ANNUAL REPORT) HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE COMMISSION). THE ANNUAL REPORT MAY BE ACCESSED THROUGH THE COMPANY'S WEBSITE, WWW.TOPSHIPS.ORG, OR ON THE WEBSITE OF THE COMMISSION, WWW.SEC.GOV.

TOP SHIPS ANNOUNCES FILING OF 2025 ANNUAL REPORT ON FORM 20-F

ATHENS, GREECE, MARCH 10, 2026 (GLOBE NEWSWIRE) -- TOP SHIPS INC. (THE COMPANY), AN INTERNATIONAL OWNER AND OPERATOR OF MODERN, FUEL EFFICIENT "ECO" TANKER VESSELS, ANNOUNCED TODAY THAT AFTER TAKING INTO ACCOUNT THE MOST RECENT CHARTER FREE VESSEL VALUE ESTIMATES FROM A THIRD PARTY INTERNATIONAL BROKER, DEBT OUTSTANDING AND CASH, MANAGEMENT ESTIMATES THE COMPANY'S NET ASSET VALUE (NAV) AS OF DECEMBER 31, 2025 TO BE $289 MILLION (INCLUDING THE COMPANY'S 50% JOINT VENTURE VESSEL'S VALUES, DEBT AND CASH). THIS TRANSLATES INTO A NAV OF $58.81 PER COMMON SHARE (BASED ON NUMBER OF COMMON SHARES CURRENTLY OUTSTANDING) AND $45.13 PER COMMON SHARE ON A FULLY DILUTED BASIS (ASSUMING EXERCISE OF ALL THE 1,488,478 OUTSTANDING WARRANTS).

Top Ships Inc.

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Top Ships Inc.

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