Top Tankers, Inc. (TOP) is a provider of international seaborne transportation services carrying refined petroleum products and crude oil. As of December 31, 2005, the Company's fleet consisted of 27 vessels (including five vessels sold and leased-back), consisting of 14 double-hull Handymax product tankers and 13 double-hull Suezmax tankers, with a total cargo carrying capacity of approximately 2.6 million deadweight tons (dwt). TOP manages the deployment of the fleet between spot market voyage charters, which generally last from several days to several weeks, and time charters, which can last up to several years. During the year ended December 31, 2005, the Company acquired five double-hull Handymax and four double-hull Suezmax tankers, and sold one double-hull Handymax and one single-hull Handysize tanker. As of December 31, 2005 all 14 of the Company's Handymax tankers operated under time charter contracts expiring from 2007 to 2010. Four of TOP's Handymax tankers were deployed under 60-month time charter contracts. Five of the Company's Handymax tankers were deployed under 30-month time charter contracts. Four of TOP's Handymax tankers were deployed under 60-month time charter contracts. Since July 1, 2004, TOP Tanker Management, the Company's wholly owned subsidiary, has been responsible for all of the chartering, operational and technical management of the fleet, including crewing, maintenance, repair, capital expenditures, drydocking, vessel taxes, maintaining insurance and other vessel operating expenses under management agreements with TOP's vessel owning subsidiaries. As of December 31, 2005, TOP Tanker Management has subcontracted the day to day technical management and crewing of six Handymax tankers and 12 Suezmax tankers to V.Ships Management Limited, a ship management company operating in Scotland, Norway and Switzerland. TOP Tanker Management has subcontracted the day-to-day technical management and crewing of five Handymax tankers and one Suezmax tanker to Hanseatic Shipping Company Ltd, a ship management company operating in Cyprus. TOP Tanker Management has subcontracted the crewing of two Handymax tankers to V. Ships Management Limited, a ship management company operating in Greece. TOP Tanker Management has also subcontracted the crewing of one Handymax tanker to Hanseatic Shipping Company Ltd., a ship management company operating in Cyprus.

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• [04/30/2026 10:29 PDT] TOP Tankers Inc. (NASDAQ:TOPT), Up By 100% ($29.6) After BUYINS.NET SqueezeTrigger Report Released on Wednesday, April 8th 2026 at a Price of $29.6.