BUSINESSglobal
Performance Shipping seals sale and leaseback for LR1 newbuild
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Updated 2 hours ago
First seen March 18, 2026 07:06:56Stay on top of this story
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Quick Summary
Nasdaq-listed tanker owner Performance Shipping has secured a sale and leaseback deal for its LR1 newbuilding currently under construction in China. Under the agreement, the vessel being built at Jiangsu New Yangzi Shipbuilding for delivery in early 2027 will be sold to an unaffiliated third party and chartered back to the company on a bareboat …