Performance Shipping Stock Forum

$Performance Shipping (PSHG.US)$
Performance Shipping Inc. Secures Sale and Leaseback Agreement for Second Newbuild LR2 Aframax Tanker

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$Performance Shipping (PSHG.US)$
Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax Tanker
Performance Shipping Inc. (NASDAQ: PSHG) has secured a sale and leaseback agreement for its previously announced newbuild LR2 Aframax tanker. The bareboat financing totals $44.25 millionfor an eight-year period, with a daily rate of $7,132 and a balloon payment of $23.7 million. The implied interest rate is Term SOFR plus 2.425% per annum.
The ve...

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