July 6, 2026 — Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Aramco Trading Fujairah FZE, (“Aramco” or the “Charterer”), for the 2011-built, 104,588 dwt Aframax tanker vessel, M/T Briolette.
The gross charter rate will be US$37,700 per day for a period of 35 months +/- 30 days at the option of the Charterer. The charter commenced in direct continuation of the existing charter on July 2, 2026, and is expected to generate approximately US$39 million of gross revenue for the minimum duration of the charter.