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Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.

Performance Shipping Inc.

The significance of a company's longevity in the market

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Revenue Growth

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ATHENS, GREECE, NOV. 06, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT THE COMPANY HAS ENTERED INTO LONG-TERM TIME CHARTER CONTRACTS WITH REPSOL TRADING S.A (THE CHARTERER OR REPSOL) FOR ITS TWO RECENTLY ACQUIRED SUEZMAX TANKERS, THE PREVIOUSLY ANNOUNCED M/T P. BEL AIR AND M/T P. BEVERLY HILLS, EACH 157,000 DWT, BUILT IN 2019 BY HYUNDAI SAMHO HEAVY INDUSTRIES IN SOUTH KOREA AND SCHEDULED FOR DELIVERY TO THE COMPANY BY EARLY 2026.

PERFORMANCE SHIPPING INC. SECURES THREE-YEAR TIME CHARTER CONTRACTS WITH REPSOL FOR TWO NEWLY ACQUIRED MODERN SUEZMAX TANKERS AT US$36,500 PER DAY EACH

ATHENS, GREECE, NOV. 04, 2025 (GLOBE NEWSWIRE) -- NOVEMBER 4, 2025  PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS ENTERED INTO A TIME CHARTER CONTRACT WITH SEARIVER MARITIME, A WHOLLY OWNED SUBSIDIARY OF EXXONMOBIL CORPORATION (SEARIVER OR THE CHARTERER), FOR ITS M/T P. LONG BEACH (THE VESSEL), A 105,408 DWT LR2 AFRAMAX TANKER, BUILT IN 2013.

PERFORMANCE SHIPPING INC. SECURES TWO-YEAR TIME CHARTER CONTRACT FOR M/T P. LONG BEACH AT US$30,500 PER DAY

ATHENS, GREECE, OCT. 09, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, IS PLEASED TO ANNOUNCE THE EXPANSION OF ITS FLEET THROUGH SEPARATE WHOLLY-OWNED SUBSIDIARIES, WHICH HAVE ENTERED INTO MEMORANDA OF AGREEMENT WITH AN UNAFFILIATED THIRD PARTY FOR THE PURCHASE OF THE M/T ECO BEL AIR AND THE M/T ECO BEVERLY HILLS, BOTH 157,286 DWT SUEZMAX TANKERS BUILT IN 2019 BY HYUNDAI SAMHO HEAVY INDUSTRIES IN SOUTH KOREA. THE VESSELS FEATURE DEVICES FOR WAKE OPTIMIZATION SUCH AS RUDDER BULBS AND PRE-SWIRL DUCTS FOR ENERGY EFFICIENCY, ECO-DESIGN FEATURING LOWER CONSUMPTION ELECTRONIC ENGINES, AND ARE SCRUBBER-FITTED. THE PURCHASE PRICE IS USD 75,438,000 PER VESSEL, NET OF BROKERAGE COMMISSIONS, AND DELIVERY TO THE COMPANY IS EXPECTED TO BE BETWEEN DECEMBER 2025 AND JANUARY 2026. UPON DELIVERY, THE VESSELS WILL BE RENAMED M/T P. BEL AIR AND M/T P. BEVERLY HILLS, RESPECTIVELY.

PERFORMANCE SHIPPING INC. ANNOUNCES FLEET EXPANSION WITH TWO MODERN SUEZMAX TANKER ACQUISITIONS

ATHENS, GREECE, SEPT. 02, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, IS PLEASED TO ANNOUNCE THE SUCCESSFUL NAMING AND DELIVERY OF THE M/T P. TOKYO, THE SECOND VESSEL FROM ITS CURRENT NEWBUILDING PROGRAM, CONSTRUCTED AT SHANGHAI WAIGAOQIAO SHIPBUILDING CO. LTD. (SWS) IN THE PEOPLE'S REPUBLIC OF CHINA. THE M/T P. TOKYO, PREVIOUSLY REFERRED TO AS HULL H1596, IS A 114,000 DWT LNG-READY TIER III PRODUCT/CRUDE OIL TANKER. THE NAMING CEREMONY WAS HELD AT THE SHIPYARD, WITH MS. XINGHANG ZHANG SERVING AS THE VESSEL'S GODMOTHER. UPHOLDING MARITIME TRADITION, SHE BLESSED THE VESSEL AND WISHED HER CREW SAFE AND SUCCESSFUL VOYAGES.

PERFORMANCE SHIPPING INC. ANNOUNCES NAMING AND DELIVERY OF M/T P. TOKYO, THE SECOND VESSEL IN ITS NEWBUILDING PROGRAM

ATHENS, GREECE, AUG. 18, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS ENTERED INTO A TIME CHARTER CONTRACT WITH PAKISTAN NATIONAL SHIPPING CORPORATION (PNSC OR THE CHARTERER) FOR ITS M/T P. ALIKI, A 105,304 DWT LR2 AFRAMAX TANKER, BUILT IN 2010.

PERFORMANCE SHIPPING INC. SECURES TIME CHARTER CONTRACT FOR M/T P. ALIKI AT US$30,000 PER DAY

ATHENS, GREECE, AUG. 05, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THE RELEASE OF ITS 2024 ESG REPORT (THE REPORT), HIGHLIGHTING HOW THE COMPANY ADDRESSES ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) ISSUES AS PART OF ITS ONGOING EFFORT TO INCREASE TRANSPARENCY AND ACCOUNTABILITY. THE REPORT, WHICH COVERS THE FULL YEAR 2024 AND IS DEVELOPED WITH REFERENCE TO THE GLOBAL REPORTING INITIATIVE UNIVERSAL STANDARDS 2021 (GRI'S), OUTLINES THE COMPANY'S EFFORTS TOWARD BUILDING STRONG CORPORATE GOVERNANCE AND OPERATING SUSTAINABLY AND RESPONSIBLY.

PERFORMANCE SHIPPING INC. ISSUES 2024 ESG REPORT

ATHENS, GREECE, JULY 31, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, IS PLEASED TO ANNOUNCE THE SUCCESSFUL NAMING AND DELIVERY OF ITS FIRST LR2 AFRAMAX NEWBUILDING, M/T P. MASSPORT, CONSTRUCTED AT SHANGHAI WAIGAOQIAO SHIPBUILDING CO. LTD. IN THE PEOPLE'S REPUBLIC OF CHINA. THE NAMING CEREMONY WAS HELD AT THE SHIPYARD, WITH MS. NICOLE GUMMERUS SERVING AS THE VESSEL'S GODMOTHER. IN LINE WITH MARITIME TRADITION, SHE BLESSED THE VESSEL AND WISHED HER CREW SAFE AND SUCCESSFUL VOYAGES.

PERFORMANCE SHIPPING INC. ANNOUNCES NAMING AND DELIVERY OF M/T P. MASSPORT, FIRST OF FOUR NEWBUILD TANKERS ON ORDER

ATHENS, GREECE, JULY 30, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY REPORTED NET INCOME OF $9.1 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $8.6 MILLION FOR THE SECOND QUARTER OF 2025. THESE RESULTS ARE COMPARED TO A NET INCOME OF $10.2 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $9.7 MILLION FOR THE SAME PERIOD IN 2024. EARNINGS PER SHARE, BASIC AND DILUTED, FOR THE SECOND QUARTER OF 2025 WERE $0.69 AND $0.23, RESPECTIVELY.

PERFORMANCE SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2025

ATHENS, GREECE, JULY 24, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS SIGNED AN AGREEMENT FOR THE REFINANCING OF ITS EXISTING LOAN FACILITY WITH ALPHA BANK S.A. (THE FACILITY) THROUGH TWO SEPARATE WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY. THIS FACILITY REFINANCES THE FULL OUTSTANDING LOAN BALANCE OF US$29,750,000 PREVIOUSLY SECURED BY THE M/T P. LONG BEACH AND THE M/T P. ALIKI. THIS AGREEMENT FOLLOWS THE ACCEPTANCE OF A COMMITMENT LETTER FROM ALPHA BANK, AS PREVIOUSLY ANNOUNCED ON JUNE 24, 2025.

PERFORMANCE SHIPPING INC. ANNOUNCES SIGNING OF REFINANCING AGREEMENT WITH ALPHA BANK S.A.

ATHENS, GREECE, JULY 02, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (PERFORMANCE SHIPPING OR THE COMPANY) ANNOUNCED TODAY THAT IT HAS SUCCESSFULLY PLACED USD 100 MILLION OF BONDS IN THE NORDIC BOND MARKET. AN APPLICATION WILL BE MADE FOR THE BONDS TO BE LISTED ON THE OSLO STOCK EXCHANGE. THE NEW BONDS ARE DUE TO MATURE IN JULY 2029 AND WILL PAY A FIXED COUPON OF 9.875% PER ANNUM, PAYABLE SEMI-ANNUALLY IN ARREARS AND WERE PRICED AT 97% OF PAR. THE BONDS ARE SECURED IN PART BY FIRST PRIORITY MORTGAGES OVER THE COMPANY'S TWO OLDEST TANKER VESSELS, WHICH ARE PRESENTLY UNENCUMBERED. THE OFFERING IS EXPECTED TO CLOSE ON JULY 17, 2025, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.

PERFORMANCE SHIPPING INC. ANNOUNCES SUCCESSFUL PLACEMENT OF $100 MILLION BOND OFFERING

ATHENS, GREECE, JUNE 24, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS ACCEPTED A COMMITMENT LETTER WHEREBY IT INTENDS TO ENTER INTO AN AGREEMENT FOR A REFINANCING OF THE EXISTING LOAN OUTSTANDING OF US$29,750,000 WITH ALPHA BANK A.E. (THE FACILITY) THROUGH TWO SEPARATE WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY. THIS FACILITY IS SUBJECT TO THE COMPLETION OF CUSTOMARY CLOSING CONDITIONS AND THE EXECUTION OF A FINAL LOAN AGREEMENT BY THE COMPANY AND ITS LENDERS. PROCEEDS FROM THE FACILITY WILL BE USED TO REFINANCE IN FULL THE EXISTING INDEBTEDNESS MAINTAINED WITH ALPHA BANK AND SECURED BY THE M/T P. LONG BEACH AND THE M/T P. ALIKI. THIS FACILITY SHALL BEAR INTEREST AT THE RATE OF SOFR PLUS 1.90% PER ANNUM.

PERFORMANCE SHIPPING INC. ANNOUNCES ACCEPTANCE OF A SIGNED COMMITMENT LETTER FROM ALPHA BANK A.E. TO REFINANCE EXISTING FACILITIES

ATHENS, GREECE, JUNE 17, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT, THROUGH A SEPARATE WHOLLY-OWNED SUBSIDIARY, IT HAS ENTERED INTO A LONG-TERM TIME CHARTER CONTRACT WITH MERCURIA ENERGY TRADING S.A. (MERCURIA OR THE CHARTERER), FOR ITS FOURTH NEWBUILDING, THE PREVIOUSLY ANNOUNCED LR1 TANKER SCHEDULED FOR DELIVERY IN EARLY 2027.

Performance Shipping Inc.

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Performance Shipping Inc.

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