September 16, 2026 Press Room · Tankers

Top Ships massively undervalued by New York investors, company insists

Originally published by
TradeWinds
By
Gary Dixon
Location
London
Section
Tankers
Publication date
18 March 2026

Evangelos Pistiolis says tanker company trading at 91% discount to net asset value

Top Ships chief executive Evangelos Pistiolis.
Top Ships chief executive Evangelos Pistiolis.Photo: Central Group

Key takeaways

  • Evangelos Pistiolis says tanker company trading at 91% discount to net asset value
  • New York-listed Top Ships is trading at a huge discount to its intrinsic value, according to boss Evangelos Pistiolis.
  • The Greek crude and product tanker company has calculated its net asset value at $289m at 31 December.
Reading time: 1 min

New York-listed Top Ships is trading at a huge discount to its intrinsic value, according to boss Evangelos Pistiolis.

The Greek crude and product tanker company has calculated its net asset value at $289m at 31 December.