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flag Performance Shipping secures $45M financing for three new oil tankers, reducing their fleet's average age.

flag Performance Shipping Inc. has finalized financing for three new LNG-ready, scrubber-fitted oil tankers through a sale and leaseback agreement, with deliveries expected in 2025 and 2026. flag The $45 million deal allows the company to lease the vessels back for eight years. flag The tankers are chartered to Clearlake Shipping at $31,000 per day for five years, with options to extend. flag This reduces Performance Shipping’s fleet average age to 10 years upon delivery.

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