Greek-based tanker owner TOP Ships has obtained additional US$10 million worth of financing for its 50,000 dwt newbuild MR2 tanker Eco Marina Del Ray.

The tanker is under construction at South Korean shipyard Hyundai Mipo shipyard.

The financing comes weeks after the ship owner entered into a sale and leaseback agreement for the tanker. The gross proceeds from the sale total US$32.4 million.

The tanker is scheduled to be delivered on January 2019.

In addition, TOP Ships said it was negotiating with financial institutions to offer financing to all of its unfunded newbuildings.

At present, the company's fleet makes up of 14 ships, including 10 MR2 tankers.