Top Ships has announced the sale of its last scrubberless tanker, netting the company just under $7m.

The Evangelos Pistiolis-backed owner confirmed the sale of the 49,737-dwt MR product tanker Nord Valiant (built 2016) to an unaffiliated third party, on Wednesday.

"The related financing has been prepaid in full and the net cash proceeds of the sale amount to about $6.9m,