Performance Shipping Signs Shipbuilding Contracts For Two Suezmax Tankers With China Shipbuilding And Shanghai Waigaoqiao Shipbuilding For $81.5M Each

The vessels are expected to be delivered in October 2028 and May 2029, respectively, at a contract price of US$81.5 million per vessel. 15% of the purchase price is payable upon receipt of a refund guarantee; 10% of the purchase price is payable at each of the milestones of steel cutting, keel laying, and launching of the vessels; and the remaining 55% of the purchase price is payable upon the delivery of the vessels.