Performance Shipping Inc. Announces Sale of 2009-Built Aframax Vessel M/T P. Sophia for US$35.65 Million
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Feb. 17, 2026 (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 signed a Memorandum of Agreement to sell its oldest vessel, the 2009-built, 105,071 dwt Aframax tanker vessel, M/T P. Sophia, to an unaffiliated third party for a gross sale price of US$35.65 million. The vessel is expected to be delivered to her new owners in mid-2026, subject to customary closing conditions. The M/T P. Sophia currently serves as part of the collateral for the Company’s outstanding Nordic bond. The net proceeds from the sale will be applied in accordance with the terms of the bond agreement. The Company acquired the M/T P. Sophia in the third quarter of 2022 for a gross purchase price of US$27,577,320. Commenting on this sale, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “We a
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News
- Performance Shipping Inc. Announces Sale of 2009-Built Aframax Vessel M/T P. Sophia for US$35.65 Million [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Three-Year Time Charter Contract for M/T P. Monterey at USD31,000 per DayGlobeNewswire
- Performance Shipping Inc. Announces Naming and Delivery of M/T P. Marseille, the Third Vessel in Its Newbuilding ProgramGlobeNewswire
- Performance Shipping Inc. Announces Successful Placement of USD 50 Million Tap IssueGlobeNewswire
- Performance Shipping Inc. Announces Delivery of the Second of Two 2019-Built Suezmax Tankers, M/T P. Beverly HillsGlobeNewswire
PSHG
Sec Filings
- 2/17/26 - Form 6-K
- 2/11/26 - Form SC
- 1/21/26 - Form 6-K
- PSHG's page on the SEC website