Performance Shipping Inc. (PSHG) has released an update.
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Performance Shipping Inc. has announced a new contract for constructing a modern eco-design LR1 tanker at a cost of $54.1 million, expected to be delivered by January 2027. The vessel will feature advanced engines and emission systems, including scrubbers and ballast water treatment, reflecting the company’s commitment to environmentally sustainable operations. This move is part of a broader growth strategy, backed by a $203.9 million revenue backlog, that aims to align with favorable market conditions and an aging fleet.
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