Performance Shipping Inc. (NASDAQ:PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SeaRiver Maritime LLC (the "Charterer"), a wholly-owned subsidiary of ExxonMobil Corporation (NYSE:XOM), for the 2010-built, 105,304 dwt LR2 Aframax tanker vessel, M/T P. Aliki. The gross charter rate will be US$33,500 per day for a period of seven (7) months +/- 15 days at the option of the Charterer and is expected to commence at the beginning of December. This charter will generate approximately US$6.6 million of gross revenue for the minimum duration of the charter.
Performance Shipping Secures Time Charter Contract With Oil Major At $33,500 Per Day For LR2 Aframax Tanker, M/T P. Aliki; Charter Will Generate ~$6.6M Of Gross Revenue For The Minimum Duration Of The Charter
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