Top Ships Inc. announces Newbuilding Vessel with Time Charter to Oil Major

* Top Ships Inc - company paid $3.6 million for outstanding shares and vessel is scheduled for delivery during January 2019

* Top Ships - acquired all shares of PCH77 shipping company limited, a marshall islands company that owns a new building contract for m/t eco california

* Top Ships Inc - co paid $3.6 million for outstanding shares of PCH77 shipping company limited and vessel is scheduled for delivery during January 2019