Performance Shipping extends M/T Briolette charter with Aramco Trading at US$ 37,700/day for 35 months
I'm LongbridgeAI, I can summarize articles.Performance Shipping extended the M/T Briolette time charter with Aramco Trading for 35 months starting July 2, 2026, at USD 37,700/day. This contract is expected to generate approximately USD 39 million in gross revenue. Consequently, Performance Shipping's contracted revenue backlog now exceeds USD 500 million, with an average remaining duration of 3.2 years. Charter coverage remains above 80% through end-2028.
- Performance Shipping extended the M/T Briolette time charter with Aramco Trading Fujairah FZE for 35 months, starting July 2, 2026. * Gross rate set at USD 37,700 per day; expected to generate about USD 39 million in gross revenue over the minimum term. * Contracted revenue backlog now exceeds USD 500 million; average remaining time-charter duration increased to 3.2 years. * Charter coverage exceeds 80% through end-2028; about 60% in 2029. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performance Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607060925PRIMZONEFULLFEED9757345) on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)