Performance Shipping Inc., announces the sale of a panamax container vessel, the m/v Pamina

Sales and Purchases — By on August 27, 2019 at 10:28 PM

Performance Shipping Inc., announces the sale of a panamax container vessel, the m/v Pamina

ATHENS, GREECE, August 27, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2005-built vessel “Pamina”, with delivery to the buyer latest by November 15, 2019, for a sale price of US$9.125 million before commissions.

Upon completion of the aforementioned sale, Performance Shipping Inc.’s fleet will consist of 3 container vessels (2 Post-Panamax and 1 Panamax) and one Aframax tanker vessel. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019. A table describing the current Performance Shipping Inc. fleet can be found on the Company’s website, www.pshipping.com. Information included on the Company’s website does not constitute a part of this press release.

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company’s current fleet of vessels are employed primarily on time charters with leading charterers.

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