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Performance Shipping lines up FPSO conversion-linked deal for tanker

  • Deal grants exclusivity to buyer but Performance will continue to operate the vessel in the meantime
  • $36m price tag seen as ‘very firm’ and ‘unrelated’ to prevailing market levels
  • Unveiling of unusual deal follows another sale last month as Greek tanker owner renews its fleet

Forward sale of 2009-built P. Sophia is contingent on buyer’s success at April 2026 oil company auction for offshore project

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