<SEC-DOCUMENT>0001140361-26-010022.txt : 20260318
<SEC-HEADER>0001140361-26-010022.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318120747
ACCESSION NUMBER:		0001140361-26-010022
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

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:		26767196

	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>ef20068152_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div>
      <div style="text-align: center; color: #000000; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: #000000; 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 March 2026</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: #000000; font-size: 24pt; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
      <div style="text-align: center; color: #000000;">(Translation of registrant&#8217;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 <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font> Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
      <div><br>
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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="ef20068152_ex99-1.htm">Exhibit 99.1</a> is a copy of the press release of Performance Shipping Inc. (the &#8220;Company&#8221;) dated March 17, 2026, titled
          &#8220;Performance Shipping Inc. Secures Sale and Leaseback Agreement for Newbuilding LR1 Tanker.&#8221;</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 36pt; color: #000000;">The information contained in this Report on Form 6-K, excluding the statement in Exhibit 99.1 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>
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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" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z1b750d77acf743f48fccbdf88716736e">

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            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">(Registrant)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">&#160;</div>
            </td>
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              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">
              <div><font style="color: #000000;">Dated: </font>March 18, 2026</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;"><u>/s/ Andreas Michalopoulos</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">By: Andreas Michalopoulos</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">Chief Executive Officer</div>
            </td>
          </tr>

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      <div><br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20068152_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> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z96ec0736b58143e9a3d38ff9de5c8e71" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;">
              <div>Corporate Contact:</div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Andreas Michalopoulos</div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Chief Executive Officer, Director and Secretary</div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Telephone: +30-216-600-2400</div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Email: <u>amichalopoulos@pshipping.com</u></div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div style="text-align: justify;">Website: <u>www.pshipping.com</u></div>
            </td>
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              <div>For Immediate Release</div>
            </td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;">
              <div>Investor and Media Relations:</div>
            </td>
          </tr>
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            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Edward Nebb</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Comm-Counsellors, LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Telephone: + 1-203-972-8350</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
            <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
              <div>Email: <u>enebb@optonline.net</u></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PERFORMANCE SHIPPING INC. SECURES SALE AND LEASEBACK AGREEMENT FOR NEWBUILDING LR1 TANKER</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">ATHENS, GREECE</font>, March 17, 2026 &#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, through a separate wholly-owned subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated third
        party for its previously announced LR1 tanker newbuilding vessel, to be named M/T P. San Francisco (the &#8220;Vessel&#8221;), currently under construction at Jiangsu New Yangzi Shipbuilding Co., Ltd. and scheduled for delivery in early 2027.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The bareboat financing amount totals US$37.8 million. As part of this agreement, the Vessel will be sold and then chartered back to the Company on a bareboat basis for
        a ten-year period starting from delivery from the shipyard. The bareboat charter includes 120 monthly installments equivalent to US$5,451 per day, with an implied interest rate of Term SOFR plus 2.00% per annum. Additionally, a balloon payment of
        approximately US$18.1 million will be due together with the last installment. The Company has continuous options to repurchase the Vessel at predetermined rates following the second anniversary of the bareboat charter.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Andreas Michalopoulos, the Company&#8217;s Chief Executive Officer, stated:</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">&#8220;We are pleased to announce the new financing arrangement for our LR1 newbuilding, secured almost one year ahead of the vessel&#8217;s expected delivery
        date. The financing represents 70% of the vessel&#8217;s contract price and an even lower leverage level when considering current market values for modern LR1 newbuilding tankers, while maintaining a conservative cashflow breakeven level of US$22,200 per
        day.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">&#8220;As previously announced, the vessel has been chartered to Mercuria Energy Trading S.A. for a firm period of four years upon delivery, at a daily gross
        charter rate of US$23,750, providing coverage above the vessel&#8217;s daily cashflow breakeven, with options to extend the charter for up to three additional one-year periods. This financing is consistent with our strategy of fleet renewal, fleet
        deployment and balanced financial management.&#8221;</div>
      <div><br>
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      <div style="text-align: justify; font-weight: bold;">About the Company</div>
      <div><br>
      </div>
      <div style="text-align: justify;">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><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div><br>
      </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 employment of our fleet and vessel deliveries. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221;
        &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;targets,&#8221; &#8220;likely,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;seeks,&#8221; &#8220;continue,&#8221; &#8220;possible,&#8221; &#8220;might,&#8221; &#8220;pending&#8221; and similar expressions, terms or phrases may identify
        forward-looking statements.</div>
      <div><br>
      </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><br>
      </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 between Israel and the U.S. and Iran and the consequent disruption of shipping routes, 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 armed conflict, 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>
      </div>
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