Performance Shipping announces a US$32,000 per day time charter contract
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, has entered into a time charter contract with ST Shipping & Transport Pte Ltd., a wholly-owned subsidiary of Glencore, for the M/T Phoenix Beacon, according to the company's release.
The acquisition of the vessel, to be renamed M/T P. Monterey, was previously announced. The gross charter rate will be US$32,000 per day for a period of twenty-four (24) months +/- 45 days at the option of the charterer and will commence following the vessel's delivery to the company in December. This charter is expected to generate approximately US$22 million of gross revenue for the minimum duration of the charter.
The M/T P. Monterey is a 105,525 dwt Aframax tanker vessel built in 2011 by Hyundai Heavy Industries Co., Ltd. - Ulsan, South Korea.
