Performance Shipping has its sight squarely on becoming a pureplay aframax tanker owner yet is biding its time amid the Covid-19 uncertainty.

The owner of four aframaxes and one boxship is certainly ready to take that transformative step but wants to wait for the right timing, deputy chief executive Andreas Michalopoulos said.

"We'll play it by ear, but not in the worst time in boxships with coronavirus," he told TradeWinds.