Performance Shipping Inc. Extends Time Charter for Aframax Tanker M/T Blue Moon for Two Years at the Average Rate of US$40,500 per Day
Performance Shipping extended the time charter for the M/T Blue Moon with American Eagle Tankers for 24 months at an average gross rate of $40,500 per day, compared to the previous $28,000 per day. The extension is expected to generate approximately $29 million in gross revenue and increases the company's contracted revenue backlog to over $530 million as of mid-2026.
Key figures
- Revenue
- US$29 million
- Coverage 2028
- approx. 90%
- Coverage 2029
- approx. 60%
- Previous rate
- US$28,000 per day
- Charter rate y1
- US$43,000 per day
- Charter rate y2
- US$38,000 per day
- Charter rate avg
- US$40,500 per day
- Contracted backlog
- over US$530 million
AI analysis
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