Performance Shipping Enters Into Agreement For Acquisition Of $35M Vessel

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  • Greece-based Performance Shipping has entered a memorandum of agreement for the acquisition of a Aframax tanker.
  • The vessel is anticipated to be delivered in early December.

Performance Shipping signs memorandum to acquire Aframax tanker for $35m, reports Ship Technology.

The acquisition

For the acquisition of a 105,525dwt Aframax tanker vessel for $35m, Greece-based Performance Shipping has entered a memorandum of agreement through a separate wholly-owned subsidiary.

The Aframax tanker named as M/T Phoenix Beacon is being purchased from an unaffiliated third party.

The vessel was constructed in 2011 by Hyundai Heavy Industries in Ulsan, South Korea and will be renamed as M/T P Monterey.

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Source: Ship Technology 

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