Performance Shipping lifts aframax earnings in two-year AET extension

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Performance Shipping has extended its charter deal with AET for the aframax tanker Blue Moon for an additional two years, securing average earnings of $40,500 per day. This deal signals positive market conditions for tanker operators in the shipping industry.

Nasdaq-listed Greek tanker owner Performance Shipping has extended the charter of its aframax Blue Moon with MISC Group’s tanker arm AET for another two years. The 2011-built, 104,623 dwt vessel will earn $43,000 per day during the first year and $38,000 per day in the second, giving an average rate of $40,500 per day. The …