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TOP Ships Inc. has elected not to exercise its option to acquire a portfolio of residential real estate assets in…
TOPSTop Ships Inc.
TOP Ships Inc. has elected not to exercise its option to acquire a portfolio of residential real estate assets in Dubai, a transaction previously contemplated in a letter of intent from November 2025. The company will receive a refund of its $23.5 million advance cash payment and intends to deploy this capital toward its tanker business. This decision was driven by regional instability in the Gulf and a strategic focus on fleet growth. TOP Ships Inc. is an international owner and operator of fuel-efficient tanker vessels.