Performance Shipping Inc. Provides Update on Potential Forward Sale Agreement for M/T P. Sophia
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Dec. 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 that the previously disclosed potential forward sale of the 2009-built Aframax tanker, M/T P. Sophia, will not materialize. As announced on April 7, 2025, the Company had entered into a forward sale and exclusivity agreement with an unaffiliated third party (the “Buyer”), granting the Buyer the exclusive right to submit a bid for the conversion of the M/T P. Sophia into a Floating Production Storage and Offloading (FPSO) unit for a proposed offshore project (the “Offshore Project”). The Buyer has informed the Company that the M/T P. Sophia was not selected for the Offshore Project. As a result, the potential forward sale and exclusivity agreement has automatically lapsed, no sale will be completed under its terms, and the vessel will continue to operate in the Company’s fleet.
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News
- Performance Shipping Inc. Provides Update on Potential Forward Sale Agreement for M/T P. Sophia [Yahoo! Finance]Yahoo! Finance
- Performance Shipping (NASDAQ:PSHG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- 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
PSHG
Sec Filings
- 12/5/25 - Form 6-K
- 12/4/25 - Form 6-K
- 12/2/25 - Form 6-K
- PSHG's page on the SEC website