Date: June 6, 2024
Performance Shipping Inc., a global shipping company specializing in tanker vessel ownership, announced today that it has entered into a time charter contract with Trafigura Maritime Logistics for its LR2 Aframax tanker vessel, the M/T P. Aliki. The charter is expected to commence on or around June 16, 2024, and will generate approximately US$6.4 million in gross revenue for the minimum duration of the charter.
Under the agreement, Performance Shipping’s wholly-owned subsidiary will charter the 2010-built, 105,304 dwt vessel to Trafigura for a minimum period of four and a half months, up to a maximum period of six months and 25 days, at the option of the Charterer. The gross charter rate for the initial period will be US$47,000 per day, with an increase to US$48,500 per day for the remaining period until the maximum redelivery date.
This charter deal strengthens Performance Shipping’s position in the global tanker market and demonstrates its ability to secure long-term contracts with leading players in the industry. Trafigura, known for its expertise in commodity trading, has chosen the M/T P. Aliki to support its maritime logistics needs.
The LR2 Aframax tanker, with a deadweight tonnage of 105,304, is known for its versatility and ability to transport large quantities of crude oil and refined petroleum products. With its robust design and advanced technology, the M/T P. Aliki is well-suited for Trafigura’s requirements and ensures safe and efficient transportation of its valuable cargo.
Performance Shipping has consistently aimed to enhance its fleet capabilities and capitalize on market opportunities. This charter agreement represents another significant achievement for the company, highlighting its commitment to providing exceptional services to its clients worldwide.
The global shipping industry has witnessed increasing demand for tanker vessels, driven by rising energy consumption across the globe. As Performance Shipping continues to expand its fleet and unlock new opportunities in the market, it reinforces its position as a trusted and reliable partner in meeting the diverse shipping needs of its customers.
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