| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
November 4, 2025 – Performance Shipping Inc. (NASDAQ:PSHG) ("we" or the "Company"), 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 ("SeaRiver" or the "Charterer"), for its M/T P. Long Beach (the "vessel"), a 105,408 DWT LR2 Aframax tanker, built in 2013.
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'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.
This new charter increases the Company's fleetwide secured revenue backlog by approximately US$21.35 million for the minimum duration of the charter, further enhancing the Company's total revenue.
Posted In: PSHG
