Performance Shipping Inc. Secures Sale and Leaseback Agreement for Third Newbuild LR2 Aframax Tanker
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Performance Shipping Inc. has secured a sale and leaseback agreement for its third newbuild LR2 Aframax tanker, completing financing for three LNG-ready, scrubber-fitted tankers expected to be delivered in 2025 and 2026.
March 06, 2025 | 2:45 pm
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Performance Shipping Inc. has finalized a sale and leaseback agreement for its third newbuild LR2 Aframax tanker, securing financing for three LNG-ready tankers. This move supports the company's fleet expansion and financial strategy.
The completion of the sale and leaseback agreement for the third tanker indicates successful financing for Performance Shipping's fleet expansion. This is likely to positively impact the company's stock as it demonstrates financial stability and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100