Greece's Top Ships has fixed up financing worth $10.1m for a newbuilding eco-tanker.

The Nasdaq-listed company said it had entered into a senior debt facility with an unnamed European bank to fund the remaining five pre-delivery installments of the 50,000-dwt Eco MarinaDel Ray, under construction at Hyundai Mipo in South Korea.

"This facility together with the previously announced financing transaction with Cargill secures all of the required shipyard installments for taking delivery of the vessel," it added.