Performance Shipping Inc. Announces Fleet Expansion with Two Modern Suezmax Tanker Acquisitions
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
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. Co
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News
- Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2025 [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2025GlobeNewswire
- Performance Shipping Inc. Secures Three-Year Time Charter Contracts With Repsol for Two Newly Acquired Modern Suezmax Tankers at US$36,500 Per Day EachGlobeNewswire
- Performance Shipping Inc. Announces Date for Its 2025 Annual General Meeting of ShareholdersGlobeNewswire
- Performance Shipping Inc. Secures Two-Year Time Charter Contract for M/T P. Long Beach at US$30,500 Per DayGlobeNewswire
PSHG
Sec Filings
- 12/4/25 - Form 6-K
- 12/2/25 - Form 6-K
- 11/7/25 - Form 6-K
- PSHG's page on the SEC website