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0 0 0.00806451612903221 0.00806451612903221 0.0161290322580645 0 -0.00268817204301081 -0.00806451612903221
Stock impact report

Performance Shipping Inc. Announces Completion of Sale and Delivery of Vessel to New Owners

Performance Shipping Inc. - Common Shares (PSHG) 
Company Research Source: GlobeNewswire
ATHENS, Greece, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has completed the previously announced sale of the 2007-built Aframax tanker vessel M/T P. Fos, with the delivery of the vessel to her new owners. Following the sale of the P. Fos, the Company’s fleet currently consists of six (6) Aframax tankers, with two (2) more Aframax tankers expected to be delivered within December 2022. Commenting on the delivery, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “As already stated, this sale has not only enabled our Company to capture value from the recent Aframax tanker price appreciation, but has also enhanced our balance sheet liquidity. In addition, this sale represents a further step towards establishing an expanded and renewed fleet consisting of younger vessels w Show less Read more
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