{"id":32929,"date":"2023-03-09T08:48:33","date_gmt":"2023-03-09T05:48:33","guid":{"rendered":"https:\/\/www.al-sindbad.net\/performance-shipping-in-for-lr2-newbuild-at-shanghai-waigaoqiao\/32929\/"},"modified":"2023-03-09T08:48:33","modified_gmt":"2023-03-09T05:48:33","slug":"performance-shipping-in-for-lr2-newbuild-at-shanghai-waigaoqiao","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/performance-shipping-in-for-lr2-newbuild-at-shanghai-waigaoqiao\/32929\/","title":{"rendered":"Performance Shipping in for LR2 newbuild at Shanghai Waigaoqiao"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Nasdaq-listed Greek owner Performance Shipping has signed a shipbuilding contract with China Shipbuilding Trading and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of LR2 aframax product\/crude oil tanker.<\/p>\n<p>The 114,000 dwt newbuild will be delivered in the fourth quarter of 2025 at a price tag of $62.6m. The vessel will be LNG-ready and fitted with a scrubber, a ballast water treatment system and a high-pressure selective catalytic reactor for Tier III compliance.<\/p>\n<p>Nasdaq-listed Performance has structured the deal to pay 15% of the purchase price upon receipt of a refund guarantee, 10% at each of the milestones of steel cutting, keel laying and launching of the vessel, and the remaining 55% upon the vessel\u2019s delivery.<br \/>\u00a0<br \/>\u201cThis contract is consistent with our view that historically low tanker fleet growth in the next few years and an aging fleet during a high seaborne trade demand period will result in sustainably strong fundamentals and higher asset values,\u201d said Performance chief executive Andreas Michalopoulos.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>The company, formerly known as Diana Containerships, currently owns and operates a fleet of eight aframax tankers.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/greece\/\" rel=\"tag\">Greece<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed Greek owner Performance Shipping has signed a shipbuilding contract with China Shipbuilding Trading and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of LR2 aframax product\/crude oil tanker. The 114,000 dwt newbuild will be delivered in the fourth quarter of 2025 at a price tag of $62.6m. The vessel will be LNG-ready and fitted with &hellip;<\/p>\n","protected":false},"author":1,"featured_media":32930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-32929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32929"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32930"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}