FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of November 2007
Commission
File Number
TOP
TANKERS INC.
(Translation
of registrant’s name into English)
1
VAS.
SOFIAS & MEG. ALEXANDROU STREET
MAROUSSI
ATHENS
151 24
GREECE
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F
[ X ] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ___
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes
[ ] No [ X ]
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ________.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
to this report on Form 6-K as Exhibit 1 is the press release issued by Top
Tankers Inc. (the “Company”) announcing the Company has taken delivery of the
M/V BERTRAM, a 73,506 DWT Panamax drybulk vessel, built in 1995 in South
Korea.
.
Exhibit
1
TOP
TANKERS ANNOUNCES DELIVERY OF THE FIRST DRYBULK VESSEL
ATHENS,
GREECE (November 13, 2007) … TOP Tankers Inc (NasdaqGS:TOPT) today announced
that it has taken delivery of the M/V BERTRAM, a 73,506 DWT Panamax drybulk
vessel, built in 1995 in South Korea. The vessel has been financed with secured
bank debt.
The
M/V
BERTRAM is the first of six drybulk vessel deliveries for the fourth quarter
2007 and first quarter 2008. The BERTRAM has entered into a time-charter
employment for a period of 24-26 months at a daily net rate of
$29,700.
Evangelos
Pistiolis, President & CEO, said that “The delivery of this vessel marks our
official entry into the world of drybulk, and we believe that the
diversification that this represents for us will serve to make TOP a stronger
company with a broader base in marine transportation.”
About
TOP Tankers Inc
TOP
Tankers Inc is an international provider of worldwide seaborne crude oil and
petroleum products and of drybulk transportation services. The Company operates
a fleet of 20 tankers, consisting of 12 double-hull Suezmax tankers and 8
double-hull Handymax tankers, with a total carrying capacity of approximately
2.2 million dwt, of which 87% are sister ships, and one drybulk
vessels. It expects delivery of five more drybulk vessels between
January and March 2008. Thirteen of the Company's 20 tankers will be on
time charter contracts with an average term of over three years with all but
four of the time charters including profit sharing agreements. Three of the
Company’s drybulk vessels will have period charter contracts for an average
period of 18 months.
Forward-Looking
Statements
Matters
discussed in this press release may constitute forward-looking statements.
The
Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage companies
to
provide prospective information about their business. Forward- looking
statements include statements concerning plans, objectives, goals, strategies,
future events or performance, and underlying assumptions and other statements,
which are other than statements of historical facts.
The
Company desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The words "believe,"
"anticipate," "intends," "estimate," "forecast," "project," "plan," "potential,"
"will," "may," "should," "expect" "pending" and similar expressions identify
forward-looking statements. The forward-looking statements in this press release
are based upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, our management's examination
of historical operating trends, data contained in our records and other data
available from third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or impossible
to
predict and are beyond our control, we cannot assure you that we will achieve
or
accomplish these expectations, beliefs or projections.
In
addition to these important factors, other important factors that, in our view,
could cause actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies and
currencies, general market conditions, including fluctuations in charter rates
and vessel values, failure of a seller to deliver one or more vessels or of
a
buyer to accept delivery of one or more vessels, inability to procure
acquisition financing, default by one or more charterers of our ships, changes
in the demand for crude oil and petroleum products, changes in demand for dry
bulk shipping capacity, changes in our operating expenses, including bunker
prices, drydocking and insurance costs, the market for our vessels, availability
of financing and refinancing, changes in governmental rules and regulations
or
actions taken by regulatory authorities, potential liability from pending or
future litigation, general domestic and international political conditions,
potential disruption of shipping routes due to accidents or political events,
vessels breakdowns and instances of off-hires and other factors. Please see
our
filings with the Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
TOP
TANKERS INC.
(registrant)
|
Dated: November
13, 2007
|
By: /s/
Evangelos J. Pistiolis
|
|
|
Chief
Executive Officer
Evangelos
J. Pistiolis
|
||
SK
23116 0001
828489