Performance Shipping clinches $39m deal with Aramco for aframax

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou has extended, through a separate wholly-owned subsidiary, the time charter contract with Aramco Trading Fujairah FZE (Aramco) for its 2011-built aframax tanker Briolette.

The company extended the charter under a new three-year agreement.

Under the agreement, the gross charter rate for the 104,588-dwt tanker will be US$37,700 per day for a period of 35 months +/- 30 days at the option of the charterer.

The charter commenced in direct continuation of the existing charter on July 2, 2026, and is expected to generate approximately US$39m of gross revenue for the minimum duration of the charter.

Andreas Michalopoulos, the company’s chief executive officer, stated: “We are pleased to further strengthen our longstanding relationship with Aramco through the direct continuation of this charter under a new three-year agreement. This marks the fourth consecutive contract we have secured with one of the