<SEC-DOCUMENT>0001140361-25-041177.txt : 20251107
<SEC-HEADER>0001140361-25-041177.hdr.sgml : 20251107
<ACCEPTANCE-DATETIME>20251107170410
ACCESSION NUMBER:		0001140361-25-041177
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251107
FILED AS OF DATE:		20251107
DATE AS OF CHANGE:		20251107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Performance Shipping Inc.
		CENTRAL INDEX KEY:			0001481241
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				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:		251463487

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		373 SYNGROU AVE.
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		PROVINCE COUNTRY:   	J3
		BUSINESS PHONE:		302166002400

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		373 SYNGROU AVE.
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		PROVINCE COUNTRY:   	J3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Diana Containerships Inc.
		DATE OF NAME CHANGE:	20100115
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20058533_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div><br>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt;">Washington, D.C. 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">the Securities Exchange Act of 1934</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">For the month of November 2025</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">Commission File Number: 001-35025</div>
      <div><br>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
      <div style="text-align: center; color: #000000;">(Translation of registrant's name into English)</div>
      <div><font style="color: #000000;"> </font><br>
      </div>
      <div style="text-align: center; color: #000000;">373 Syngrou Avenue</div>
      <div style="text-align: center; color: #000000;">175 64 Palaio Faliro</div>
      <div style="text-align: center; color: #000000;">Athens, Greece</div>
      <div style="text-align: center; color: #000000;">(Address of principal executive office)</div>
      <div><br>
      </div>
      <div style="color: #000000;">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: center; color: #000000; font-weight: bold;">Form 20-F &#9746; Form 40-F &#9744;</div>
      <div><br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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      <div style="text-align: center; color: #000000; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
      <div><br>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 26.9pt; margin-right: 0.1pt; margin-left: 0.1pt; color: #000000;">Attached to this report (this &#8220;Report&#8221;) on Form 6-K as <a href="ef20058533_ex99-1.htm">Exhibit 99.1</a> is a copy of the press release of Performance Shipping Inc. (the &#8220;Company&#8221;) dated November 4, 2025, titled
          &#8220;Performance Shipping Inc. Secures Two-Year Time Charter Contract For M/T P. Long Beach at US$30,500 Per Day.&#8221;</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 35.8pt; margin-right: 0.1pt; margin-left: 0.2pt; color: rgb(0, 0, 0);">Attached to this Report on Form 6-K as <a href="ef20058533_ex99-2.htm">Exhibit 99.2</a> is a copy of the press release of the Company dated November 6, 2025, titled &#8220;Performance Shipping Inc.
          Secures Three-Year Time Charter Contracts with Repsol for Two Newly Acquired Modern Suezmax Tankers at US$36,500 Per Day Each.&#8221;</div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 27pt; color: #000000;">The information contained in this Report on Form 6-K, excluding the statements in Exhibit 99.1 and 99.2 attributed to the Company&#8217;s Chief Executive Officer, is hereby incorporated
          by reference into the Company&#8217;s registration statement on Form F-3 (File No. 333-197740), filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) with an effective date of August 13, 2014, the Company&#8217;s registration statement on Form
          F-3 (File No. 333-266946), filed with the SEC with an effective date of August 29, 2022, and the Company&#8217;s registration statement on Form F-3 (File No. 333-271398), filed with the SEC with an effective date of May 4, 2023.</div>
        <div><br>
        </div>
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      <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">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>
      <table cellspacing="0" cellpadding="0" border="0" id="z2cb304aa34c54f69827593a41310ef01" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(Registrant)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
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            <td style="width: 50%; vertical-align: top;">
              <div><font style="color: #000000;">Dated: </font>November 7, 2025</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);"><u>/s/ Andreas Michalopoulos</u></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">By: Andreas Michalopoulos</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20058533_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <div style="text-align: right;"><font style="font-weight: bold;"> Exhibit 99.1</font><br>
      </div>
      <div><font style="font-weight: bold;"> <br>
        </font></div>
      <table cellspacing="0" cellpadding="0" border="0" id="z569390123279444a9dcbd1c18aa2743c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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            </td>
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              <div style="font-style: italic; font-weight: bold;">Corporate Contact:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Andreas Michalopoulos</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Chief Executive Officer, Director and Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Telephone: +30-216-600-2400</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u><font style="color: rgb(0, 0, 0);">amichalopoulos@pshipping.com</font></u></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;">Website: <u><font style="color: rgb(0, 0, 0);">www.pshipping.com</font></u></div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" border="0" id="z12852cf92e7047388451a3e40a8ef755" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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              <div>For Immediate Release</div>
            </td>
            <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Edward Nebb</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Comm-Counsellors, LLC</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Telephone: + 1-203-972-8350</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u>enebb@optonline.net</u></div>
            </td>
          </tr>

      </table>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">PERFORMANCE SHIPPING INC. SECURES TWO-YEAR TIME CHARTER CONTRACT FOR M/T P. LONG BEACH AT US$30,500 PER DAY </div>
      <div>&#160;</div>
      <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">ATHENS, GREECE </font><font style="font-size: 10pt;">&#8211; November 4, 2025 &#8211;
          Performance Shipping Inc. (NASDAQ: PSHG) (&#8220;we&#8221; or the &#8220;Company&#8221;), a global shipping company specializing in the ownership of tanker vessels, today announced that it has entered into a time charter contract with SeaRiver Maritime, a wholly owned
          subsidiary of ExxonMobil Corporation (&#8220;SeaRiver&#8221; or the &#8220;Charterer&#8221;), for its M/T P. Long Beach (the &#8220;vessel&#8221;), a 105,408 DWT LR2 Aframax tanker, built in 2013.</font></div>
      <div>&#160;</div>
      <div>Under the terms of the agreement, the vessel will be chartered for a period of 24 months, plus or minus 30 days at the Charterer&#8217;s option, at a daily gross
        charter rate of US$30,500. The vessel will be delivered to SeaRiver upon redelivery from her previous charterer, expected to be around mid-December 2025.</div>
      <div>&#160;</div>
      <div>This new charter increases the Company&#8217;s fleetwide secured revenue backlog by approximately US$21.35 million for the minimum duration of the charter, further
        enhancing the Company&#8217;s total revenue.</div>
      <div>&#160;</div>
      <div>Commenting on this charter, Andreas Michalopoulos, the Company&#8217;s Chief Executive Officer, stated:</div>
      <div>&#160;</div>
      <div>&#8220;We are pleased to announce that one of our two Aframax tankers, currently operating under medium-term charters expiring in December, has been rechartered well
        ahead of schedule at an attractive charter rate. This new time charter highlights our long-standing and mutually beneficial partnership with ExxonMobil Corporation, a leading energy major with whom we have conducted repeat business, reaffirming the
        Charterer&#8217;s continued confidence in the quality, safety, and reliability of our fleet operations.</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
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      </div>
      <div>&#8220;Concluded in a seasonally strong market environment, this charter reflects both the favorable market dynamics and a positive outlook for our sector. It enables
        us to further optimize our fleet deployment strategy, increasing our fleet-wide total secured revenue backlog to approximately US$257 million, based on the minimum duration of each charter as of October 1, 2025. This contract also increases our
        fixed charter coverage to approximately 52% for 2026 and 41% for 2027, pending secured employment for our recently acquired Suezmax tankers, and lowers our cash flow breakeven rate for open days.&#8221;</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">About the Company</div>
      <div>&#160;</div>
      <div>Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on
        spot voyages, through pool arrangements, and on time charters.</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div>&#160;</div>
      <div>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, but are not limited to, statements concerning plans, objectives, goals,
        strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including with respect to charter employment and our revenue backlog. The words &#8220;believe," &#8220;anticipate,"
        &#8220;intends," &#8220;estimate," &#8220;forecast," &#8220;project," &#8220;plan," &#8220;potential," &#8220;will," &#8220;may," &#8220;should," &#8220;expect," &#8220;targets," &#8220;likely," &#8220;would," &#8220;could," &#8220;seeks," &#8220;continue," &#8220;possible," &#8220;might," &#8220;pending&#8221; and similar expressions, terms or phrases may identify
        forward-looking statements.</div>
      <div>&#160;</div>
      <div>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&#8217;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>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div>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, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in
        the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future
        operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, 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, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types
        of products, general domestic and international political conditions or events, including &#8220;trade wars&#8221;, armed conflicts including the war in Ukraine and the war between Israel and Hamas, the imposition of new international sanctions, acts by
        terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with
        the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.</div>
      <div><br>
      </div>
      <div><br>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ef20058533_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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    <div>
      <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 99.2</font><br>
      </div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z7c1cb01aadb441bca292cfba696d41dd" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Corporate Contact:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Andreas Michalopoulos</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Chief Executive Officer, Director and Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Telephone: +30-216-600-2400</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u><font style="color: rgb(0, 0, 0);">amichalopoulos@pshipping.com</font></u></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Website: <u><font style="color: rgb(0, 0, 0);">www.pshipping.com</font></u></div>
            </td>
          </tr>

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      <table cellspacing="0" cellpadding="0" border="0" id="z0dfc10f2a8ba41cabef26aefc35c9da8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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            <td style="width: 50%; vertical-align: top;" rowspan="1">
              <div>For Immediate Release</div>
            </td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Edward Nebb</div>
            </td>
          </tr>
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            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Comm-Counsellors, LLC</div>
            </td>
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            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Telephone: + 1-203-972-8350</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
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            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u>enebb@optonline.net</u></div>
            </td>
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      <div style="text-align: center; margin-right: 35.65pt; margin-left: 28.35pt; font-weight: bold;">PERFORMANCE SHIPPING INC. SECURES THREE-YEAR TIME CHARTER CONTRACTS WITH REPSOL FOR TWO NEWLY
        ACQUIRED MODERN SUEZMAX TANKERS AT US$36,500 PER DAY EACH</div>
      <div>&#160;</div>
      <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">ATHENS, GREECE &#8211; </font><font style="font-size: 10pt;">November 6, 2025 &#8211;
          Performance Shipping Inc. (NASDAQ: PSHG) (&#8220;we&#8221; or the &#8220;Company&#8221;), a global shipping company specializing in the ownership of tanker vessels, today announced that the Company has entered into long-term time charter contracts with Repsol Trading
          S.A (the &#8220;Charterer&#8221; or &#8220;Repsol&#8221;) for its two recently acquired Suezmax tankers, the previously announced M/T P. Bel Air and M/T P. Beverly Hills, each 157,000 DWT, built in 2019 by Hyundai Samho Heavy Industries in South Korea and scheduled for
          delivery to the Company by early 2026. </font></div>
      <div>&#160;</div>
      <div>The vessels will be chartered to Repsol for a three-year time charter period, plus or minus 30 days at the Charterer&#8217;s option, at a gross rate of US$36,500 per
        day per vessel, commencing upon their delivery to the Company. </div>
      <div>&#160;</div>
      <div>This employment is expected to generate approximately US$78 million in gross revenue for the minimum firm period of the three-year charters, further enhancing
        the Company&#8217;s fleetwide contracted revenue backlog and earnings visibility.</div>
      <div>&#160;</div>
      <div>Commenting on the fleet expansion and deployment, Andreas Michalopoulos, the Company&#8217;s Chief Executive Officer, stated:</div>
      <div>&#160;</div>
      <div>&#8220;Following the acquisition of our two 2019-built, eco-design Suezmax tankers from Navigare Capital Partners A/S, we are pleased to announce that we have secured
        three-year employment for both vessels. This agreement marks our first business engagement with Repsol Trading S.A, a major energy company, further expanding our network of highly reputable charterers. It also attests to our strong standards of
        operational reliability, which continue to attract leading energy companies. The modern, fuel-efficient, and environmentally friendly characteristics of these scrubber-fitted vessels contributed to securing long-term employment at attractive terms.
        They reflect both the positive fundamentals of the Suezmax market and confidence in our operational capabilities. </div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div>&#8220;Revenues secured from these charters will cover more than half of the vessels&#8217; acquisition cost and add significant earnings visibility, increasing the
        Company&#8217;s total fleetwide revenue to approximately US$335 million and charter coverage to 70% for 2026 and 57% for 2027. The acquisition and employment of these vessels align with our disciplined fleet renewal and deployment strategy,&#8221; he added. </div>
      <div>&#160;</div>
      <div style="font-weight: bold;">About the Company</div>
      <div>&#160;</div>
      <div>Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on
        spot voyages, through pool arrangements, and on time charters.</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div>&#160;</div>
      <div>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, but are not limited to, statements concerning plans, objectives, goals,
        strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts including with respect to charter employment and our revenue backlog. The words &#8220;believe," &#8220;anticipate,"
        &#8220;intends," &#8220;estimate," &#8220;forecast," &#8220;project," &#8220;plan," &#8220;potential," &#8220;will," &#8220;may," &#8220;should," &#8220;expect," &#8220;targets," &#8220;likely," &#8220;would," &#8220;could," &#8220;seeks," &#8220;continue," &#8220;possible," &#8220;might," &#8220;pending&#8221; and similar expressions, terms or phrases may identify
        forward-looking statements.</div>
      <div>&#160;</div>
      <div>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&#8217;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>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div>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, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in
        the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future
        operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, 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, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types
        of products, general domestic and international political conditions or events, including &#8220;trade wars&#8221;, armed conflicts including the war in Ukraine and the war between Israel and Hamas, the imposition of new international sanctions, acts by
        terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with
        the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.</div>
      <div> <br>
      </div>
      <div>&#160;
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