Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki
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Performance Shipping Inc. has secured a time charter contract with SeaRiver Maritime LLC, a subsidiary of ExxonMobil, for its LR2 Aframax tanker, M/T P. Aliki, at a rate of $33,500 per day. This contract is expected to generate approximately $6.6 million in gross revenue.
December 03, 2024 | 2:45 pm
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POSITIVE IMPACT
Performance Shipping Inc. has entered into a time charter contract with ExxonMobil's subsidiary, SeaRiver Maritime LLC, for its tanker M/T P. Aliki, at a rate of $33,500 per day, expected to generate $6.6 million in revenue.
The contract with a major oil company like ExxonMobil provides a stable revenue stream and enhances the company's financial outlook, likely boosting investor confidence and positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
ExxonMobil's subsidiary, SeaRiver Maritime LLC, has entered into a time charter contract with Performance Shipping Inc. for the tanker M/T P. Aliki.
While the contract is beneficial for Performance Shipping, it is a routine operational activity for ExxonMobil and unlikely to significantly impact its stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 30