Performance Shipping Acquires 5th Aframax Tanker for $22m

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Performance Shipping acquired the 2011-built (Sumitomo) aframax tanker Kalamas from Pleiades Shipping, reports Splash 247.

Vessel value and delivery

According to reports, Greek tanker owner Performance Shipping has paid $22m for the vessel, which has a $20.63m valuation. 

The delivery is scheduled for between November 15 and December 22. The premium in price reflects the vessel having completed its docking survey in July and special survey in October.

The tanker will be renamed Yanbu, and on delivery will grow the company’s fleet to five aframaxes in total.

Boxship to Aframax specialist

Performance Shipping, formerly Diana Containerships, has completed a transition from a boxship owner to aframax specialist since announcing plans to transform in 2019.

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Source: Splash 247

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