Five products tankers and a bulker are going to the Connecticut-based investor for $173m, including $135m in Top Ships debt.

No firm S&P plans have been laid as yet, CEO Evangelos Pistiolis told TradeWinds, and no decision has been taken on whether to pursue newbuildings or second-hand vessels.

"I'm open to everything as a person, but if you want my guess, I'd say we'll be looking more at tankers this time," he said.

"Could