Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of Two Newbuilding Suezmax Tankers
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, March 02, 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 two separate wholly-owned subsidiaries, it has signed two shipbuilding contracts with China Shipbuilding Trading Co. Ltd. (“CSTC”) and Shanghai Waigaoqiao Shipbuilding Co. Ltd. (“SWS”) for the construction of two 158,000 DWT newbuilding Suezmax tanker vessels. The vessels are expected to be delivered in October 2028 and May 2029, respectively, at a contract price of US$81.5 million per vessel. 15% of the purchase price is payable upon receipt of a refund guarantee; 10% of the purchase price is payable at each of the milestones of steel cutting, keel laying, and launching of the vessels; and the remaining 55% of the purchase price is payable upon the delivery of the vessels. Commenting on the contracts, Andreas Michalopoulos, the Company’s Chief Executive Offic
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News
- Performance Shipping Inc. Announces Long-Term Time Charters for Two Suezmax Newbuilding Tankers Delivering in 2028 and 2029GlobeNewswire
- Performance Shipping Inc. Announces Sale of 2010-Built Aframax Vessel M/T P. Aliki for US$42.65 MillionGlobeNewswire
- Performance Shipping secures sale, leaseback agreement for LR1 tanker [Yahoo! Finance]Yahoo! Finance
- 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
PSHG
Sec Filings
- 4/16/26 - Form 6-K
- 4/14/26 - Form 6-K
- 4/8/26 - Form 3
- PSHG's page on the SEC website