TOP Ships Announces 3-Year Charter Extensions With Weco Tankers A/S For M/T Eco Marina Del Ray Tanker At Daily Hire Rate Of $18,250 For Expected Gross Revenue Of $20M

Top Ships Inc. (the "Company" or "TOPS") (NYSE:TOPS), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has extended the time charter agreement with Weco Tankers A/S by three years at a daily rate of $18,250 for its 50,000 dwt MR Product Tanker, M/T Eco Marina Del Ray.

The Company expects a total gross revenue backlog associated with this time charter extension of $20.0 million.