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

Oil Exports from Russia's Western Ports Hit 4-year Record

Oil Exports from Russia's Western Ports Hit 4-year Record

Armach’s Robot Hull Cleaning Service Takes Next Steps Toward Commercialization

Armach’s Robot Hull Cleaning Service Takes Next Steps Toward Commercialization

Follow the Money: Norway is Fertile Grounds for Shipping Projects

Follow the Money: Norway is Fertile Grounds for Shipping Projects

Data-Driven Voyage Optimization: The Demise of the Data Silo

Data-Driven Voyage Optimization: The Demise of the Data Silo

Subscribe for Maritime Logistics Professional E‑News