Performance Shipping has nabbed its eighth ship, securing a discounted deal from compatriot Phoenix Energy Navigation.

The New York-listed, Athens-based shipowner said on Friday that it bought the 105,525-dwt Phoenix Beacon (built 2011) for $35m for delivery in December.

The tanker will be renamed the P Montgomery.

“With the delivery of the two newly acquired Aframax tankers during the fourth quarter of 2022, our fleet will be well positioned to potentially generate significant cashflow moving forward,” said chief executive Andreas Michalopoulos.