Performance Shipping sells post-panamax contship “Pucon”

Container shipping, Sales and Purchases — By on September 27, 2019 at 1:56 PM

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PERFORMANCE SHIPPING INC. ANNOUNCES the sale of A  POST-panamax container VESSEL, the m/v PUCON

ATHENS, GREECE, September 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 2006-built vessel “Pucon”, with delivery to the buyer latest by December 5, 2019, for a sale price of US$20.215 million before commissions.  

Upon completion of the aforementioned sale and the previously announced sale of a Panamax container vessel, the m/v Pamina, Performance Shipping Inc.’s fleet will consist of 2 container vessels (1 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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