Chartering

Performance Shipping Inc. Secures Two Year Time Charter Contract With Oil Major at US$37,200 Per Day

Retrieved on: 
Thursday, December 21, 2023

This charter will generate approximately US$25.7 million of gross revenue for the minimum duration of the charter.

Key Points: 
  • This charter will generate approximately US$25.7 million of gross revenue for the minimum duration of the charter.
  • Commenting on this charter, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated:
    “We are very pleased to announce this new time charter contract for our Aframax tanker, M/T P. Long Beach.
  • “Together with this charter, over half of our current fleet will be under time charter contracts, earning gross charter rates ranging from US$23,000 to US$37,200 per day.
  • This brings our secured revenue backlog to approximately US$54 million, based on the minimum duration of each charter.

Performance Shipping Inc. Announces Time Charter Contract With ST Shipping at Fixed Floor Rate of US$45,000 Per Day Plus 50/50 Profit Share for LR2 Tanker, M/T P. Aliki

Retrieved on: 
Tuesday, June 27, 2023

The gross charter rate will be based on a fixed floor rate of US$45,000 per day for a period of minimum four (4) months to a maximum of five and a half (5.5) months at the option of the Charterer, plus a 50/50 profit share provision above the floor rate.

Key Points: 
  • The gross charter rate will be based on a fixed floor rate of US$45,000 per day for a period of minimum four (4) months to a maximum of five and a half (5.5) months at the option of the Charterer, plus a 50/50 profit share provision above the floor rate.
  • This contract commenced immediately after the expiration of the previous charter agreement with Trafigura Maritime Logistics Pte Ltd at a gross daily charter rate of $45,000.
  • “With a fixed floor daily rate of $45,000, this new contract boosts our fleet-wide revenue backlog to approximately $54 million, based on the minimum duration of each charter.
  • This contract reflects our solid relationships with reputable and creditworthy counterparties, such as ST Shipping & Transport Pte Ltd., which currently employs three of our tankers.”

Performance Shipping Inc. Announces a US$32,500 Per Day Time Charter Contract for About 18 Months

Retrieved on: 
Wednesday, November 16, 2022

The gross charter rate will be US$32,500 per day for a period of eighteen (18) months +/- 30 days at the option of the Charterer and will commence in November.

Key Points: 
  • The gross charter rate will be US$32,500 per day for a period of eighteen (18) months +/- 30 days at the option of the Charterer and will commence in November.
  • This charter is expected to generate approximately US$16.8 million of gross revenue for the minimum duration of the charter.
  • The M/T Briolette is a 104,588 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd.
  • Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels.

Performance Shipping Inc. Announces a US$32,000 Per Day Time Charter Contract for About 24 Months

Retrieved on: 
Tuesday, November 8, 2022

The gross charter rate will be US$32,000 per day for a period of twenty-four (24) months +/- 45 days at the option of the Charterer and will commence following the vessel's delivery to the Company in December.

Key Points: 
  • The gross charter rate will be US$32,000 per day for a period of twenty-four (24) months +/- 45 days at the option of the Charterer and will commence following the vessel's delivery to the Company in December.
  • This charter is expected to generate approximately US$22 million of gross revenue for the minimum duration of the charter.
  • Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels.
  • Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Performance Shipping Inc. Announces a US$30,000 Per Day Time Charter Contract for About 24 Months

Retrieved on: 
Thursday, October 27, 2022

The gross charter rate will be US$30,000 per day for a period of twenty-four (24) months +/- 45 days at the option of the Charterer and is expected to commence in December 2022.

Key Points: 
  • The gross charter rate will be US$30,000 per day for a period of twenty-four (24) months +/- 45 days at the option of the Charterer and is expected to commence in December 2022.
  • This charter will generate approximately US$20.6 million of gross revenue for the minimum duration of the charter.
  • The M/T P. Yanbu is a 105,391 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd.
  • Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels.

Performance Shipping Inc. Announces a US$45,000 Per Day Time Charter Contract for 7-10 Months

Retrieved on: 
Thursday, September 22, 2022

The gross charter rate will be US$45,000 per day for a period of minimum seven (7) months to a maximum of ten (10) months at the option of the Charterer and will commence following the vessel's delivery to the Company expected in November.

Key Points: 
  • The gross charter rate will be US$45,000 per day for a period of minimum seven (7) months to a maximum of ten (10) months at the option of the Charterer and will commence following the vessel's delivery to the Company expected in November.
  • Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels.
  • The Companys current fleet is employed on spot voyages, through pool arrangements and on time charters.
  • Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Navios Maritime Partners L.P. Announces Acquisition of Four Newbuilding Tanker Vessels and Entry into Two Related Charter Agreements

Retrieved on: 
Wednesday, May 4, 2022

They are expected to be delivered into Navios Partners fleet during 2024 and first quarter of 2025.

Key Points: 
  • They are expected to be delivered into Navios Partners fleet during 2024 and first quarter of 2025.
  • In addition, the Charterer has the option to charter one or both of the two additional tanker vessels on identical terms.
  • About Navios Maritime Partners L.P.
    Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels.
  • Navios Partners makes no prediction or statement about the performance of its common units.

Never Limited To Only Big Carriers With Marine Online

Retrieved on: 
Tuesday, July 27, 2021

SINGAPORE, July 27, 2021 /PRNewswire/ -- Ever since the Suez Canal blockage, the world supply chain today struggles with finding vessels for their consignments and exorbitant rates to secure space. However, cargo owners need not limit themselves to their existing network of vessels by their traditional practices of calling brokers.

Key Points: 
  • Marine Online is an effective platform for cargo owners to charter suitable vessels for their business needs.
  • Shipowners who are on the lookout for cargoes can also leverage Marine Online's network of cargo owners for the same purpose.
  • Above all, both ship and cargo owners enjoy both time and monetary savings through transacting with Marine Online's platform.
  • Shipowners can also leverage our network to source for cargo- especially those cargo owners who limit themselves to big carriers.

ZIM and Seaspan Announce New Long-Term Chartering Agreement for Ten 7,000 TEU LNG-Fueled Vessels

Retrieved on: 
Tuesday, July 6, 2021

In addition, in February 2021, ZIM and Seaspan announced a long-term charter agreement for ten 15,000 TEU LNG-fueled vessels.

Key Points: 
  • In addition, in February 2021, ZIM and Seaspan announced a long-term charter agreement for ten 15,000 TEU LNG-fueled vessels.
  • With this second long-term chartering agreement, we are securing access to our core fleet, while maintaining operational agility with respect to the total number of vessels we operate.
  • Since going public, and further evidenced by this transaction, we remain committed to deploying capital prudently and enhancing shareholder value."
  • Seaspan also has 55 vessels under construction, increasing total capacity to 1,854,200 TEU, on a fully delivered basis.

GasLog Partners LP Announces New Charter Agreement with Cheniere

Retrieved on: 
Monday, June 21, 2021

Piraeus, Greece, June 21, 2021 (GLOBE NEWSWIRE) -- GasLog Partners LP ("GasLog Partners" or the "Partnership") (NYSE: GLOP) today announced a new time charter agreement for the Methane Heather Sally with a wholly owned subsidiary of Cheniere Energy, Inc. (Cheniere).

Key Points: 
  • Piraeus, Greece, June 21, 2021 (GLOBE NEWSWIRE) -- GasLog Partners LP ("GasLog Partners" or the "Partnership") (NYSE: GLOP) today announced a new time charter agreement for the Methane Heather Sally with a wholly owned subsidiary of Cheniere Energy, Inc. (Cheniere).
  • The charter began last week and has a minimum duration one year.
  • Cheniere have the option, until late August, to extend the charter for an additional one or two years.
  • Paul Wogan, Chief Executive Officer of GasLog Partners, stated, The signing of this charter agreement deepens our relationship with one of the worlds leading LNG producers and is the Partnerships third new multi-month charter agreement in recent weeks.