Symeon Palios-led Performance Shipping has entered into a time charter contract with Aramco Trading Company for 2011-built Aframax Blue Moon.

The charter is for a period of 17 to 19 months at a rate of $28,000 per day.

Performance Shipping, formerly Diana Containerships, entered the tanker sector in August last year and has built up a fleet of four Aframaxes alongside a single Panamax container vessel.

The Sumitomo-built Blue Moon was acquired from Maersk Tankers in an en bloc deal last year, and at the time was named Maersk Jeddah.