Performance Shipping subsidiary orders LR1 tanker from Chinese builders

Athens-based tanker operator Performance Shipping, through a separate wholly-owned subsidiary, has entered into a shipbuilding contract with Chinese shipbuilders the Jiangsu Yangzijiang Shipbuilding Group, Jiangsu New Yangzi Shipbuilding, and Jiangsu Yangzi Xinfu Shipbuilding for the construction of a scrubber-fitted, 75,000DWT LR1 chemical/product oil tanker for a contract price of US$54.1 million excluding extras and net of commission to third parties.

The owner expects to take delivery of the vessel by January 2027.

The vessel will be equipped with electronically-controlled main engines with high-pressure selective catalytic reactors (HPSCR) for IMO Tier III (NOx Emissions) compliance, exhaust gas cleaning systems (EGCS) for IMO Tier II (NOx Emissions) compliance, and ballast water treatment systems (BWTS).

This contract marks Performance Shipping’s fourth shipbuilding order. This number includes three LNG-ready LR2 oil tankers and one LR1 chemical/product oil tanker with scheduled deliveries ranging from October 2025 to January 2027.