OceanPal

We are an emerging pure-play owner of a modern fleet of product tankers engaged in the seaborne transportation of refined petroleum products and other bulk liquids. We are focused on growing our fleet of medium range product tankers, which provide operational flexibility and enhanced earnings potential due to their “eco” features or modifications. We are well positioned to opportunistically expand and maximize our fleet due to our strong customer relationships, competitive cost structure, and experienced management team and founder, whose interests are squarely aligned with other shareholders. Our common shares are listed on the NASDAQ Capital Markets under the trading symbol ‘PXS.’ Our fleet is comprised of six double hull product tankers with a weighted average age of 4.9 years (based on deadweight tonnage as of December 31, 2015) and that are employed under a mix of short- and medium-term time charters and spot charters. Four of the vessels in the fleet are medium-range, or MR, product tankers, three of which have eco-efficient or eco-modified designs, and two of which are short-range tanker sister ships. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals.

The Company, also known as Globus Maritime Limited, operates as a global drybulk shipping company, offering marine transportation services worldwide. It was established in Jersey on July 26, 2006, with its headquarters located in Athens, Greece. However, on November 24, 2010, the Company shifted its jurisdiction to the Republic of the Marshall Islands in order to combine its founders' interests in ship ownership and management.

TOP SHIPS Inc. has been engaged in the worldwide transportation of liquid and petroleum cargoes as well as dry bulk cargoes through the ownership of tankers and bulk carriers.

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