Greek shipowner performance shipping recently signed a memorandum of understanding to purchase a 115000 DWT aframax "FSL Shanghai" for us $26 million (built in 2007).
The aframax is from the first ship lease trust in Singapore and is expected to be delivered to performance shipping by the end of March 2020.
Andreas Michalopoulos, deputy chief executive and first time financial officer of performance shipping, said: "we are very pleased with this acquisition, which is a step closer to our goal of creating the only publicly listed pure aframa tanker company."
It is understood that after the acquisition of FSL Shanghai, the performance shipping fleet will have 4 aframax tankers and 1 Panamax container ship. Previously, the company also sold its fleet of super Panamax container ship "Rotterdam"