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Performance Shipping in a shopping spree of Korean suezmax tanker duo | Tankers

Performance Shipping in a shopping spree of Korean suezmax tanker duo | Tankers

Hellenic Shipping News

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou is buying two modern South Korean suezmax tankers as part of the company’s growth strategy of fleet modernization and expansion

in the midsize tanker segment.

The Nasdaq-listed shipowner said its separate wholly-owned subsidiaries have sealed memoranda of agreement, with an unaffiliated third party, for the purchase of the 157,286-dwt suezmax tankers Eco Bel Air and Eco Beverly Hills, both built in 2019 by Hyundai Samho Heavy Industries in South Korea.

The purchase value is estimated at $75,438,000 per vessel, net of brokerage commissions, with delivery expected to take place between December 2025 and January 2026.

According to Performance Shipping, the pair features devices for wake optimization such as rudder bulbs and pre-swirl ducts for energy efficiency, eco-design featuring

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