Greek tanker owner and Nasdaq-listed Performance Shipping Inc. has announced that it has entered into a time charter contract with Trafigura Maritime Logistics Pte Ltd (Trafigura) for the 2010-built, 105,304 dwt LR2 Aframax tanker vessel, the M/T “P. Aliki”.

The shipowner informs that the charter is for a minimum period of four and a half (4.5) months up to a maximum period of six (6) months and 25 days, at the option of the Charterer.

The gross charter rate will be US$47,000 per day for the minimum period, and US$48,500 per day for the remaining period up to the maximum redelivery date.

This time charter is expected to commence on or around 16th June 2024, and is expected to generate approximately US$6.4 million in gross revenue for the minimum duration of the charter.

“We are pleased to announce our new time charter contract for our M/T P. Aliki, following her performance of spot voyages through pool participation. This contract reflects our solid relationship with reputable and creditworthy counterparties, such as Trafigura, who has regularly employed our vessels, including the M/T P. Aliki, in the past. We believe that our Company has successfully managed to secure short-term fixed revenue at a lucrative charter rate, while also maintaining exposure to the promising spot market during the seasonally strong fall and winter periods, when the M/T P. Aliki is expected to be available for new employment,” says Andreas Michalopoulos, the Company’s Chief Executive Officer.

Source: Performance Shipping Inc.