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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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
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