Greek tanker owner Performance Shipping, led-by chairperson of its board Aliki Paliou,
Greek tanker owner Performance Shipping, led-by chairperson of its board Aliki Paliou, has secured a sale and leaseback agreement for its newbuild LR1 tanker.
The company entered into an agreement, through a separate wholly-owned subsidiary, with an unaffiliated third party for its newbuild LR1 tanker, to be named P. San Francisco, currently under construction at Jiangsu New Yangzi Shipbuilding and scheduled for delivery in early 2027.
According to the company, the bareboat financing amount totals $37.8m. As part of this agreement, the vessel will be sold and then chartered back to the company on a bareboat basis for a ten-year period starting from delivery from the shipyard.
The bareboat charter includes 120 monthly installments equivalent to $5,451 per day, Performance Shipping said, with an implied interest rate of Term SOFR plus 2.00%
