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Fri, Nov

Performance Shipping secures $78m in revenue with Repsol charter deals | Freight news

Performance Shipping secures $78m in revenue with Repsol charter deals | Freight news

Hellenic Shipping News
Performance Shipping net income nearly quadruples as tanker market looks sustainable

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou

Performance Shipping net income nearly quadruples as tanker market looks sustainable

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou has entered into long-term time charter contracts with Repsol Trading S.A for two of its recently acquired suezmax tankers, the previously announced P. Bel Air and P. Beverly Hills.

The suezmax pair with a 157,000-dwt each, built in 2019 by Hyundai Samho Heavy Industries in South Korea, is scheduled for delivery to the company by early 2026.

The vessels will be chartered to Repsol for a three-year time charter period, plus or minus 30 days at the charterer’s option, at a gross rate of $36,500 per day per vessel, starting upon their delivery to the company.

Performance Shipping said this employment is expected to generate around $78m in gross revenue for the minimum firm period of the three-year charters, further

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