Greek owner sells aframax tanker 30% above acquisition price

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou has completed, through a separate wholly-owned subsidiary, the sale of the 2009-built, 105,071 dwt aframax tanker P. Sophia, with the successful delivery of the vessel to her new owners.

The ship was debt-free at the time of her delivery to the new owners.

Performance Shipping acquired the vessel in the third quarter of 2022 for a gross purchase price of approximately $27.6m. The Greek shipowner said this sale represents an increase of around 30% above the vessel’s acquisition price paid four years ago.

To remind, the gross sale price of the vessel was $35.65m.

Andreas Michalopoulos, the chief executive officer of Performance Shipping, stated: “The completion of this vessel sale, capitalizing on strong asset values, represents another important step in our fleet renewal strategy.

“This sale represents an increase of approximately 30% above the vessel’s acquisition price paid four