New Aframax tanker delivered to Performance Shipping

Athens-based Performance Shipping has taken delivery of a new Aframax tanker constructed by Shanghai Waigaoqiao Shipbuilding in China.

P. Massport is the first of three LNG-ready, 114,000DWT product/crude oil tankers ordered by Performance Shipping. The other two ships are scheduled for delivery between the third quarter of 2025 and early 2026.

All three vessels have secured five-year charter contracts with Clearlake Shipping, a subsidiary of commodities trading house the Gunvor Group.

Following delivery to Performance Shipping, P. Massport was handed over to Clearlake.

The vessel has commenced operations under the five-year time charter contract at a gross rate of US$31,000 per day, with options for a sixth and seventh year at a base rate plus profit-sharing.

"This marks the kick-off of a series of newbuilding tanker deliveries for Performance Shipping, which will see the addition of two further sister LR2 Aframax vessels through early 2026 and an LR1 tanker in early 2027," said Andreas Michalopoulos, Performance Shipping's Chief Executive Officer.

"Together, these modern vessels form a core part of the company’s strategic fleet expansion and renewal plan."