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TOP Ships Inc. (TOPS) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.The profile contains critical company information including:- Business description – A detailed description of the company’s operations and business divisions.- Corporate strategy – Analyst’s summarization of the company’s business strategy.- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.- Company history – Progression of key events associated with the company.- Major products and services – A list of major products, services and brands of the company.- Key competitors – A list of key competitors to the company.- Key employees – A list of the key executives of the company.- Executive biographies – A brief summary of the executives’ employment history.- Key operational heads – A list of personnel heading key departments/functions.- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.HighlightsTOP Ships Inc. (Top Ships) formerly Top Tankers Inc., is a provider of international seaborne transportation services. It owns and operates ‘ECO’ Medium Range (MR) product/chemical tankers focusing on the transportation of petroleum products, crude oil and bulk liquid chemicals. The company serves several industries such as oil, steel, electric utility, construction, agriculture and food industries. Top Ships currently owns two MR tanker StenaWeco Energy and M/T Stenaweco Evolution and has four new building MRs. The company’s vessels have time charters with major charterers, including BP Shipping Ltd UK, Stena Weco A/S, and Norden A/S. Top Ships is headquartered in Maroussi, Greece.TOP Ships Inc. Key Recent DevelopmentsJul 22, 2015: TOP Ships Announces Delivery Of Third Newbuilding VesselApr 10, 2015: TOP Ships Announces Corporate DevelopmentsJan 21, 2015: TOP Ships Reports Third Quarter And Nine Months 2014 Financial ResultsKey benefits of buying this profile include:You get detailed information about the company and its operations to identify potential customers and suppliers.- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.Gain key insights into the company for academic or business research.- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.Note: Some sections may be missing if data is unavailable for the company
Table of ContentsTable of Contents 2List of Tables 4List of Figures 5Section 1 - About the Company 6TOP Ships Inc. - Key Facts 6TOP Ships Inc. - Key Employees 7TOP Ships Inc. - Key Employee Biographies 8TOP Ships Inc. - Major Products and Services 9TOP Ships Inc. - Key Operational Summary 10TOP Ships Inc. - History 11TOP Ships Inc. - Company Statement 13TOP Ships Inc. - Locations And Subsidiaries 14Head Office 14Other Locations & Subsidiaries 14Section 2 – Company Analysis 15TOP Ships Inc. - Business Description 15TOP Ships Inc. - Corporate Strategy 16TOP Ships Inc. - SWOT Analysis 17SWOT Analysis - Overview 17TOP Ships Inc. - Strengths 17Strength - Long Term Period Charters 17Strength - Efficient ECO MR Product Tankers 17Strength - Agreement with Central Shipping Monaco 17TOP Ships Inc. - Weaknesses 18Weakness - Declined Financial Performance 18Weakness - Working Capital Deficit 18TOP Ships Inc. - Opportunities 19Opportunity - Increasing Oil Related Investments 19Opportunity - Strategic Initiatives 19Opportunity - Positive Outlook for Global Shipping Industry 19TOP Ships Inc. - Threats 20Threat - Intense Competition 20Threat - Stringent Governmental Regulations 20Threat - Cyclical Nature of Industry 20TOP Ships Inc. - Key Competitors 21Section 3 – Company Financial Ratios 22Financial Ratios - Capital Market Ratios 22Financial Ratios - Annual Ratios 23Performance Chart 24Financial Performance 24Financial Ratios - Interim Ratios 25Financial Ratios - Ratio Charts 26Section 4 – Company’s Oil & Gas Financial Deals and Alliances 27TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27TOP Ships Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 28TOP Ships Inc., Recent Deals Summary 29Section 5 – Company’s Recent Developments 30Jul 22, 2015: TOP Ships Announces Delivery Of Third Newbuilding Vessel 30Apr 10, 2015: TOP Ships Announces Corporate Developments 31Jan 21, 2015: TOP Ships Reports Third Quarter And Nine Months 2014 Financial Results 32Oct 29, 2014: TOP Ships Announces Signing Of Commitment Letter For The Financing Of Two Vessels 33Aug 30, 2014: Top Ships Announces New Extended Charters For 3 Vessels And Receivable Compensation 34Aug 07, 2014: Top Ships Reports Second Quarter And First Half 2014 Financial Results 35Jun 23, 2014: Top Ships Announces Delivery Of First Newbuild Vessel 36Section 6 – Appendix 37Methodology 37Ratio Definitions 37About GlobalData 41Contact Us 41Disclaimer 41List of TablesTOP Ships Inc., Key Facts 6TOP Ships Inc., Key Employees 7TOP Ships Inc., Key Employee Biographies 8TOP Ships Inc., Major Products and Services 9TOP Ships Inc., Key Operational Summary, 2011 10TOP Ships Inc., History 11TOP Ships Inc., Other Locations 14TOP Ships Inc., Subsidiaries 14TOP Ships Inc., Key Competitors 21TOP Ships Inc., Ratios based on current share price 22TOP Ships Inc., Annual Ratios 23TOP Ships Inc., Interim Ratios 25TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27TOP Ships Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 28TOP Ships Inc., Recent Deals Summary 29Currency Codes 37Units 37Capital Market Ratios 37Equity Ratios 38Profitability Ratios 38Cost Ratios 39Liquidity Ratios 39Leverage Ratios 40Efficiency Ratios 40List of FiguresTOP Ships Inc., Performance Chart (2010 - 2014) 24TOP Ships Inc., Ratio Charts 26TOP Ships Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 27TOP Ships Inc., Oil & Gas, Deals by Type, 2009 to YTD 2015 28