Aframax Tanker Delivered to Performance Shipping

March 30, 2020

 P. Kikuma (Photo: Performance Shipping)
P. Kikuma (Photo: Performance Shipping)

Performance Shipping Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to purchase in February 2020.

"M/T P. Kikuma marks an additional step in becoming a pure tanker owning company," said Andreas Michalopoulos, the company’s Deputy CEO. "While we remain cautious given the unprecedented global circumstances, we are currently benefiting from the development of a robust tanker market supported by increased oil production and the oil price contango resulting in floating storage for trading purposes and the replenishment of refineries and strategic reserves.”

Logistics News

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

New Study Offers Safety Recommendations for Green Shipping Corridors

New Study Offers Safety Recommendations for Green Shipping Corridors

SAMPOL Awarded Shore Power Contract from Port of València

SAMPOL Awarded Shore Power Contract from Port of València

Subscribe for Maritime Logistics Professional E‑News