Performance Shipping secures sale, leaseback agreement for LR1 tanker [Yahoo! Finance]
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: Yahoo! Finance
Performance Shipping ( PSHG ) announced that, through a separate wholly-owned subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated third party for its previously announced LR1 tanker newbuilding vessel, to be named M/T P. San Francisco, currently under construction at Jiangsu New Yangzi Shipbuilding Co., Ltd. and scheduled for delivery in early 2027. The bareboat financing amount totals $37.8 million. As part of this agreement, the Vessel will be sold and then chartered back to the Company on a bareboat basis for a ten-year period starting from delivery from the shipyard. The bareboat charter includes 120 monthly installments equivalent to $5,451 per day, with an implied interest rate of Term SOFR plus 2.00% per annum. Additionally, a balloon payment of approximately $18.1 million will be due together with the last installment. The Company has continuous options to repurchase the Vessel at predetermined rates following the second anniversary of the bare
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News
- Performance Shipping Inc. Secures Sale and Leaseback Agreement for Newbuilding LR1 Tanker [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Sale and Leaseback Agreement for Newbuilding LR1 TankerGlobeNewswire
- SPHINX INVESTMENT CORP. ANNOUNCES TERMINATION OF TENDER OFFER TO PURCHASE ALL OUTSTANDING COMMON SHARES AND ASSOCIATED RIGHTS OF PERFORMANCE SHIPPING INC. [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2025GlobeNewswire
- Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of Two Newbuilding Suezmax TankersGlobeNewswire
PSHG
Sec Filings
- 3/18/26 - Form 6-K
- 3/16/26 - Form SC
- 3/4/26 - Form 6-K
- PSHG's page on the SEC website