Top Ships is looking to secure funding for three remaining newbuildings shortly after inking a sale-and-leaseback deal for a single vessel with Cargill this week.

The transaction for an MR tanker on order in South Korea will assist with the financing of the vessel and deliver long-term bareboat employment for the ship.

“This deal is really great as we have a top-quality charterer being both the financier as well as the end user of this very high specification vessel,” chief executive Evangelos Pistiolis said.