Performance Shipping Inc. Delivers First Newbuild Tanker, Secures 5-Year Charter with Clearlake Shipping

Reuters

2025/07/31

<a href="https://laohu8.com/S/PSHG">Performance Shipping Inc.</a> Delivers First Newbuild Tanker, Secures 5-Year Charter with Clearlake Shipping

Performance Shipping Inc., a global shipping company specializing in tanker vessels, has announced the successful naming and delivery of its first LR2 Aframax newbuilding, M/T P. Massport, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. This marks the beginning of a series of new tanker deliveries, with two more sister LR2 Aframax vessels expected by early 2026 and an LR1 tanker by early 2027. These vessels are part of the company's strategic fleet expansion plan. The M/T P. Massport, a 114,000 DWT LNG-ready Tier III product/crude oil tanker, is the first of three LNG-ready, scrubber-fitted LR2 Aframax tankers ordered by the company, each securing a five-year charter contract with Clearlake Shipping Pte Ltd, a subsidiary of the Gunvor Group. The vessel operates under a five-year time charter contract at a gross rate of US$31,000 per day, with options for extension.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performance Shipping Inc. published the original content used to generate this news brief on July 31, 2025, and is solely responsible for the information contained therein.

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Delivers First Newbuild Tanker, Secures 5-Year Charter with Clearlake Shipping","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PSHG\">Performance Shipping Inc.</a> Delivers First Newbuild Tanker, Secures 5-Year Charter with Clearlake Shipping\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Performance Shipping Inc., a global shipping company specializing in tanker vessels, has announced the successful naming and delivery of its first LR2 Aframax newbuilding, M/T P. Massport, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. This marks the beginning of a series of new tanker deliveries, with two more sister LR2 Aframax vessels expected by early 2026 and an LR1 tanker by early 2027. 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