<SEC-DOCUMENT>0000919574-19-004862.txt : 20190805
<SEC-HEADER>0000919574-19-004862.hdr.sgml : 20190805
<ACCEPTANCE-DATETIME>20190805105702
ACCESSION NUMBER:		0000919574-19-004862
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190831
FILED AS OF DATE:		20190805
DATE AS OF CHANGE:		20190805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Performance Shipping Inc.
		CENTRAL INDEX KEY:			0001481241
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35025
		FILM NUMBER:		19997878

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 18
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			17564
		BUSINESS PHONE:		302166002400

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 18
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			17564

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Diana Containerships Inc.
		DATE OF NAME CHANGE:	20100115
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d8351313_6-k.htm
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    <div style="text-align: center; font-weight: bold;">FORM 6-K</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION<br>
      WASHINGTON, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">For the month of August 2019</div>
    <div style="text-align: center;">Commission File Number: 001-35025</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">PERFORMANCE SHIPPING INC.</font><br>
      (Translation of registrant's name into English)</div>
    <div style="text-align: center;">Pendelis 18, 175 64 Palaio Faliro, Athens, Greece<br>
      (Address of principal executive office)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private
      issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the
      registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
      subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated August 5, 2019 of Performance Shipping Inc. (the &#8220;Company&#8221;) announcing that<font style="font-size: 12pt;">, </font>through
      a separate wholly-owned subsidiary, the Company has taken delivery of the m/t Blue Moon (formerly &#8220;Maersk Jeddah&#8221;), a 2011-built Aframax tanker vessel of 104,623 dwt that the Company entered into an agreement to purchase in June 2019.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File no. 333-197740), filed with the U.S. Securities and Exchange Commission
      (the "SEC") with an effective date of August 13, 2014, the Company's registration statement on Form F-3 (File no. 333-215748), as amended and filed with the SEC with an effective date of March 7, 2017, and the Company's registration statement on Form
      F-3 (File No. 333-216944), filed with the SEC with an effective date&#160;of May 11, 2017.</div>
    <div><br>
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    <div style="background-color: #FFFFFF;">
      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: center; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
    <div style="text-align: center;">(registrant)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z44ce15fa99454d0ca1d43f896cfb98f0">

        <tr>
          <td style="width: 53.99%; vertical-align: top;">
            <div>Dated: August 5, 2019</div>
          </td>
          <td style="width: 6.36%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 39.65%; vertical-align: top;">
            <div><u>/s/ <font style="background-color: #FFFFFF;">Anastasios Margaronis</font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 53.99%; vertical-align: top;">&#160;</td>
          <td style="width: 6.36%; vertical-align: top;">&#160;</td>
          <td style="width: 39.65%; vertical-align: top;">
            <div><font style="background-color: #FFFFFF;">Anastasios Margaronis</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 53.99%; vertical-align: top;">&#160;</td>
          <td style="width: 6.36%; vertical-align: top;">&#160;</td>
          <td style="width: 39.65%; vertical-align: top;">
            <div>President</div>
          </td>
        </tr>

    </table>
    <div><br>
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    <div><br>
    </div>
    <div style="text-align: right;"><u>Exhibit 99.1</u></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z0e77f0677ccf40fc85d10c232a498b8f">

        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Ioannis Zafirakis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Director, Chief Strategy Officer and Secretary</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Telephone: +30-216-600-2400</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Email:&#160;<font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> <u>izafirakis@pshipping.com</u></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Website: <u><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 255); font-style: normal; font-variant: normal; text-transform: none;">www.pshipping.com</font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">
            <div style="font-size: 12pt;">For Immediate Release</div>
          </td>
          <td style="width: 50.01%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Edward Nebb</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Comm-Counsellors, LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Telephone:&#160; + 1-203-972-8350</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="font-size: 12pt;">Email:&#160; <u><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 255); font-style: normal; font-variant: normal; text-transform: none;">enebb@optonline.net</font></u></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">PERFORMANCE SHIPPING INC. ANNOUNCES DELIVERY OF THE AFRAMAX TANKER &#8220;BLUE MOON&#8221;</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">ATHENS, GREECE, August 5, 2019 &#8211; Performance Shipping Inc. (NASDAQ: DCIX), (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of vessels, today announced that, through a separate
      wholly-owned subsidiary, it has taken delivery of the m/t Blue Moon (formerly &#8220;Maersk Jeddah&#8221;), a 2011-built Aframax tanker vessel of 104,623 dwt that the Company entered into an agreement to purchase in June 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Including the newly delivered m/t Blue Moon, Performance Shipping Inc.&#8217;s fleet currently consists of 4 container vessels (2 Post-Panamax and 2 Panamax) and 1 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&#8217;s website, www.pshipping.com. Information included on the Company&#8217;s
      website does not constitute a part of this press release.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">About the Company</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company&#8217;s current fleet of vessels are employed primarily on time charters with
      leading charterers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements
      in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other
      statements, which are other than statements of historical facts.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe
      harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's
      examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to
      significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the
      strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for containership capacity, changes in our operating expenses, including bunker prices, drydocking and
      insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic
      and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission
      for a more complete discussion of these and other risks and uncertainties.</div>
    <div><br>
    </div>
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