Workflow
Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki
PSHGPerformance Shipping (PSHG) GlobeNewswire News Room·2024-06-06 13:28

Core Viewpoint - Performance Shipping Inc. has secured a time charter contract for its tanker vessel M/T P. Aliki with Trafigura Maritime Logistics, which is expected to generate approximately US6.4millioningrossrevenueforaminimumdurationof4.5months[1][2].CompanyOverview−PerformanceShippingInc.isaglobalshippingcompanythatspecializesintheownershipoftankervesselsandprovidesshippingtransportationservicesthroughspotvoyages,poolarrangements,andtimecharters[2].CharterContractDetails−ThetimecharterforM/TP.Alikiissetforaminimumof4.5monthsandamaximumof6monthsand25days,withagrosscharterrateofUS6.4 million in gross revenue for a minimum duration of 4.5 months [1][2]. Company Overview - Performance Shipping Inc. is a global shipping company that specializes in the ownership of tanker vessels and provides shipping transportation services through spot voyages, pool arrangements, and time charters [2]. Charter Contract Details - The time charter for M/T P. Aliki is set for a minimum of 4.5 months and a maximum of 6 months and 25 days, with a gross charter rate of US47,000 per day for the minimum period and US48,500perdayfortheremainingperiod[1].−ThecharterisexpectedtocommencearoundJune16,2024[1].FinancialImplications−ThecontractisprojectedtogenerateapproximatelyUS48,500 per day for the remaining period [1]. - The charter is expected to commence around June 16, 2024 [1]. Financial Implications - The contract is projected to generate approximately US6.4 million in gross revenue for the minimum duration of the charter [1].