Athens, Thursday, 7 July 2022
The sixth aframax tanker in Performance Shipping's fleet will be purchased thanks to a credit deal that was struck with Piraeus Bank. Performance Shipping is a shipping firm owned by the Palios family.
According to the Nasdaq-listed business, two of its companies will be used to get this long-term loan, which has a maximum amount of $31.9 million.
With a payment of $24.6 million, the money will be used to partially finance the recent purchase of Maran Sagitta's sixth Aframax tanker, which will be called M/T P. Sophia, and to refinance around 7.3 million dollars of the previous loan acquired from the same bank and secured by the M/T P. Yanbu.
(Report by: The Decision Maker – Finance editors)