Performance Shipping Inc. has signed a shipbuilding contract with China Shipbuilding Trading Company Ltd and Shanghai Waigaoqiao Shipbuilding Company Ltd for the construction of a 114 000 DWT LNG ready LR2 Aframax product/crude oil tanker.
LNG tanker rates are soaring as a result of Europe’s quickly rising demand for liquified gas, but bottlenecks are already emerging in this fast-growing market