Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki
Performance Shipping has secured a 7-month time charter contract with SeaRiver Maritime, an ExxonMobil subsidiary, for its LR2 Aframax tanker vessel M/T P. Aliki. The charter will generate approximately US$6.6 million in gross revenue at a rate of US$33,500 per day. The contract includes a +/- 15 days option at the charterer's discretion and is expected to begin in early December. The agreement involves the 2010-built, 105,304 dwt tanker vessel.
Performance Shipping ha stipulato un contratto di noleggio a tempo di 7 mesi con SeaRiver Maritime, una sussidiaria di ExxonMobil, per la sua petroliera LR2 Aframax M/T P. Aliki. Il noleggio genererà circa 6,6 milioni di dollari americani in ricavi lordi a una tariffa di 33.500 dollari al giorno. Il contratto include un'opzione di +/- 15 giorni a discrezione dell'armatore e si prevede che inizi all'inizio di dicembre. L'accordo riguarda una petroliera costruita nel 2010, con un tonnellaggio di 105.304 dwt.
Performance Shipping ha asegurado un contrato de fletamento a tiempo de 7 meses con SeaRiver Maritime, una subsidiaria de ExxonMobil, para su buque tanque LR2 Aframax M/T P. Aliki. El fletamento generará aproximadamente 6.6 millones de dólares estadounidenses en ingresos brutos a una tarifa de 33,500 dólares por día. El contrato incluye una opción de +/- 15 días a discreción del fletador y se espera que comience a principios de diciembre. El acuerdo involucra a un buque tanque construido en 2010, con un peso deadweight de 105,304 dwt.
퍼포먼스 쉬핑은 엑슨모빌의 자회사인 시리버 해사와 7개월의 시간 차터 계약을 체결했습니다. 해당 계약은 LR2 아프라마스 유조선인 M/T P. Aliki에 대한 것으로, 약 660만 달러의 총 수익을 생성하며, 하루 33,500달러의 요금으로 운영됩니다. 계약은 용선자의 선택에 따라 +/- 15일 옵션이 포함되어 있으며, 12월 초에 시작될 것으로 예상됩니다. 이 계약은 2010년에 건조된, 105,304 dwt의 유조선이 포함됩니다.
Performance Shipping a sécurisé un contrat de charter à temps de 7 mois avec SeaRiver Maritime, une filiale d'ExxonMobil, pour son pétrolier LR2 Aframax M/T P. Aliki. Ce charter générera environ 6,6 millions de dollars américains en revenus bruts à un taux de 33 500 dollars par jour. Le contrat comprend une option de +/- 15 jours à la discrétion de l'affréteur et devrait commencer début décembre. L'accord implique un pétrolier construit en 2010, d'un port en lourd de 105 304 dwt.
Performance Shipping hat einen 7-monatigen Zeitchartervertrag mit SeaRiver Maritime, einer Tochtergesellschaft von ExxonMobil, für sein LR2 Aframax-Tankschiff M/T P. Aliki gesichert. Der Charter wird voraussichtlich etwa 6,6 Millionen US-Dollar an Bruttoeinnahmen bei einem Satz von 33.500 US-Dollar pro Tag generieren. Der Vertrag umfasst eine +/- 15-tägige Option nach Ermessen des Chartergebers und soll Anfang Dezember beginnen. Die Vereinbarung betrifft ein 2010 gebautes Tankschiff mit einem deadweight von 105.304 dwt.
- Secured 7-month charter contract with major oil company ExxonMobil subsidiary
- Guaranteed revenue of US$6.6 million for minimum charter duration
- Strong daily rate of US$33,500
- None.
Insights
This time charter contract represents a significant positive development for Performance Shipping. The
The 7-month duration provides good visibility into cash flows through mid-2024, though the +/- 15 days option gives some flexibility to the charterer. For a company with a market cap of only
ATHENS, Greece, Dec. 03, 2024 (GLOBE NEWSWIRE) -- 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
Commenting on this charter, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated:
“We are extremely pleased to have secured this time charter with SeaRiver Maritime LLC, a subsidiary of ExxonMobil, one of the world’s leading oil majors. This agreement is a testament to the high standards of operational excellence we consistently deliver and reflects the confidence that charterers place in our vessels and management practices. We look forward to further strengthening this collaboration and continuing to deliver exceptional value to our stakeholders.”
About the Company
Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements and on time charters.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including with respect to the delivery of the vessels we have agreed to acquire, future market conditions and the prospective financing and employment of our vessels. The words “believe," “anticipate," “intends," “estimate," “forecast," “project," “plan," “potential," “will," “may," “should," “expect," “targets," “likely," “would," “could," “seeks," “continue," “possible," “might," “pending” and similar expressions, terms or phrases may identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine and the war between Israel and Hamas or Iran, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
FAQ
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