Evangelos Pistiolis-backed Top Ships has secured long-term employment for two of its product tankers at what it called “very strong rates”.

The New York-listed shipowner said that the 50,000-dwt vessels Eco Yosemite Park and Eco Joshua Park (both built 2020) have entered into seven-year agreements with their current charterer, extending their contracts at higher rates than before.

Brokers list Swiss trader Gunvor as the charterer, having signed five-year terms on delivery.