<SEC-DOCUMENT>0001140361-26-026720.txt : 20260629
<SEC-HEADER>0001140361-26-026720.hdr.sgml : 20260629
<ACCEPTANCE-DATETIME>20260629162850
ACCESSION NUMBER:		0001140361-26-026720
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260629
FILED AS OF DATE:		20260629
DATE AS OF CHANGE:		20260629

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:		261136089

	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
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<FILENAME>ef20077043_form6k.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; margin-left: 0.2pt; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.1pt; color: rgb(0, 0, 0); font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; margin-left: 0.2pt; color: rgb(0, 0, 0); font-size: 12pt;">Washington, D.C. 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.1pt; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
      <div style="text-align: center; margin-left: 0.1pt; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of</div>
      <div style="text-align: center; margin-left: 0.2pt; color: #000000; font-weight: bold;">the Securities Exchange Act of 1934</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.2pt; color: #000000; font-weight: bold;">For the month of June 2026</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.2pt; color: #000000;">Commission File Number: 001-35025</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.1pt; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
      <div style="text-align: center; margin-left: 0.2pt; color: #000000;">(Translation of registrant's name into English)</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 0.1pt; color: #000000;">373 Syngrou Avenue</div>
      <div style="text-align: center; margin-left: 0.1pt; color: #000000;">175 64 Palaio Faliro</div>
      <div style="text-align: center; margin-left: 0.1pt; color: #000000;">Athens, Greece</div>
      <div style="text-align: center; margin-left: 0.2pt; color: #000000;">(Address of principal executive office)</div>
      <div><br>
      </div>
      <div style="margin-left: 0.2pt; 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; margin-left: 0.3pt; color: #000000; font-weight: bold;">Form 20-F &#9746; Form 40-F &#9744;</div>
      <div style="color: #000000;">&#160;
        <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; margin-left: 0.2pt; color: #000000; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 36pt; color: #000000;">Attached to this report (this &#8220;Report&#8221;) on Form 6-K as <a href="ef20077043_ex99-1.htm">Exhibit

            99.1</a> is a copy of the press release of Performance Shipping Inc. (the &#8220;Company&#8221;) dated June 29, 2026, titled &#8220;Performance Shipping Inc. Announces Approval of Amendments Making its Bonds Senior Unsecured.&#8221; Attached to this Report as <a href="https://www.sec.gov/Archives/edgar/data/1481241/000114036126025088/ef20076150_ex99-1.htm">Exhibit 99.2</a> is a copy of the Summons for a Written Resolution (incorporated by reference to Exhibit 99.1 of Form CB, filed with the U.S.
          Securities and Exchange Commission (the &#8220;SEC&#8221;) on June 12, 2026.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="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 SEC 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-</font>&#160;<font style="color: #000000;">295541), filed with the SEC with an effective date of May 21, 2026.</font></div>
      </div>
      <div>&#160;</div>
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      <div style="text-align: center; margin-left: 0.2pt; color: #000000; font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 0.1pt; 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>
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      <table cellspacing="0" cellpadding="0" id="z2460d1201bb04460af851cbe1fb8838e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</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;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">(Registrant)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">
              <div><font style="color: #000000;">Dated: </font>June 29, 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;">&#160;</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;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">Chief Executive Officer</div>
            </td>
          </tr>

      </table>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20077043_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>
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            <td style="width: 5%; vertical-align: top;">&#160;</td>
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              <div style="font-style: italic; font-weight: bold;">Corporate Contact:</div>
            </td>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Andreas Michalopoulos</div>
            </td>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Chief Executive Officer, Director and Secretary</div>
            </td>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;" rowspan="1" colspan="2">
              <div>Telephone: +30-216-600-2400</div>
            </td>
          </tr>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u><font style="color: #0000FF;">amichalopoulos@pshipping.com</font></u></div>
            </td>
          </tr>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;">Website: <u><font style="color: #0000FF;">www.pshipping.com</font></u></div>
            </td>
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              <div>For Immediate Release</div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 5%; vertical-align: top;">&#160;</td>
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              <div style="font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Edward Nebb</div>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Comm-Counsellors, LLC</div>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Telephone: + 1-203-972-8350</div>
            </td>
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            <td style="width: 45%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Email: <u><font style="color: #0563C1;">enebb@optonline.net</font></u></div>
            </td>
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      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Performance Shipping Inc. Announces Approval of Amendments Making Its Bonds Senior Unsecured</div>
      <div><br>
      </div>
      <div>Athens, Greece, June 29, 2026 &#8212; Performance Shipping Inc. (NASDAQ: PSHG) (&#8220;Performance Shipping&#8221; or the &#8220;Company&#8221;) announced today that it has obtained approval to amend
        the terms of its 9.875% senior secured bonds (the &#8220;Bonds&#8221;), pursuant to the bond terms dated July 15, 2025,as amended (the &#8220;Bond Terms&#8221;).</div>
      <div><br>
      </div>
      <div>The amendments to the Bond Terms will include, among other things, the release of the existing security, including the ship mortgages over the vessels <font style="font-style: italic;">P. Monterey</font> and <font style="font-style: italic;">P. Sophia</font>, so that the Bonds become senior unsecured
        obligations of the Company; the removal of the use of proceeds restrictions upon sale of a collateral vessel; and an increase of the minimum liquidity covenant from US$20.0 million to US$30.0 million. The Company agreed to pay a one-time amendment
        fee of 0.325% of the US$150.0 million nominal amount of the Bonds. The amendments to the Bond Terms will be documented by an amendment and restatement agreement to be entered into between the Company and the Bond Trustee.</div>
      <div><br>
      </div>
      <div>Commenting on the amendments, Andreas Michalopoulos, the Company&#8217;s Chief Executive Officer, stated:</div>
      <div><br>
      </div>
      <div>&#8220;We wish to thank our bondholders for their continued support. The approval of our bondholders will effectively change the structure of our Bonds from partly secured to
        unsecured. This change reflects the significant improvement in the credit quality of our Company in the 12 months since the inaugural issue of the Bonds.</div>
      <div><br>
      </div>
      <div>&#8220;During that time, we added four vessels to our fleet with 3-to-7-year charter contracts, and sold our two oldest vessels. As a result, we increased the size of our fleet
        by two vessels, reduced the fleetwide average age to six years and doubled our contract backlog to almost half a billion US dollars. Through the three-year remaining term of the Bonds, the average daily charter rate required for our open
        uncontracted days to meet all our cash obligations ranges from zero through the end of 2027 to US$3,500 in 2028 and US$11,600 in 2029. Lastly, our robust cash balance combined with our unencumbered vessels bodes well for the refinancing of our
        obligations.&#8221;</div>
      <div>&#160;</div>
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      <div style="font-weight: bold;">About the Company</div>
      <div><br>
      </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><br>
      </div>
      <div style="font-weight: bold;">Important Information Regarding the Bonds</div>
      <div><br>
      </div>
      <div>No offer of Bonds has been or will be registered under the U.S. Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), or with any securities regulatory authority of
        any state or other jurisdiction in the United States. The Bonds may not be offered or sold within the United States, absent registration or under an exemption from, or in a transaction not subject to, the registration requirements of the Securities
        Act. The Bonds are the securities of a foreign company. The summons to holders of the Bonds was subject to disclosure requirements of a foreign country that are different from those of the United States. It may be difficult for any holder of Bonds
        to enforce its rights and any claim it may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. A holder of the Bonds
        may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's
        judgment.</div>
      <div><br>
      </div>
      <div style="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 the Bonds and the proposed amendments to the Bonds. 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><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>&#160;</div>
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      <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 in the Middle East, 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>
      </div>
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