Nasdaq-listed Performance Shipping is targeting another aframax buy after fixing new finance with Piraeus Bank.
The Greek owner of four aframaxes said the term loan facility gives it up to $31.5m of liquidity.
The loan refinances an existing facility for the 116,000-dwt sisters P Fos and P Kikuma (both built 2007) with Nordea Bank.
The first advance will be up to $22.5m.
