Performance Shipping Announces Sale of Panamax Container Vessel

Palios

Performance Shipping, a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2005-built vessel “Pamina”, with delivery to the buyer latest by November 15, 2019, for a sale price of US$9.125 million before commissions.

Upon completion of the aforementioned sale, Performance Shipping Inc.’s fleet will consist of 3 container vessels (2 Post-Panamax and 1 Panamax) and one Aframax tanker vessel. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019.

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