Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels.
The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The charterer has the option to shorten or extend the deal by 15 days.
The deal is expected to start at the beginning of January 2025. The vessel will work on a gross charter rate of $28,000 per day and is expected to generate around $17.4m in gross revenue for the minimum duration of the charter.
“With this charter, our secured revenue backlog stands at approximately $59.4m, based on the minimum duration of each charter for the operating vessels, and $169.8m for the three newbuildings,” said Andreas Michalopoulos, Performance Shipping CEO.
