6-K - Performance Shipping Inc. | StockGist

AI Analysis

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Performance Shipping Inc. announced the sale of its 2009-built Aframax tanker vessel M/T P. Sophia for US$35.65 million, acquired in Q3 2022 for US$27,577,320, expecting an approximate US$8 million gain and strengthened liquidity. The vessel, collateral for the Nordic bond, will deliver to new owners in mid-2026 after charter expiration in late May 2026.

Key Takeaways

1Signed Memorandum of Agreement to sell M/T P. Sophia (105,071 dwt, 2009-built) for US$35.65 million gross

2Buyer is unaffiliated third party

3Delivery to new owners expected mid-2026, subject to customary closing conditions

4Acquired in Q3 2022 for US$27,577,320

5Current charter at US$43,000 per day expires late May 2026

6Net proceeds applied per Nordic bond terms; expected US$8 million gain

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$35.6M

Transaction Details

Acquisition / Disposition

Target: M/T P. Sophia (2009-built, 105,071 dwt Aframax tanker)
Consideration: US$35.65 million gross sale price

•Delivery mid-2026
•Subject to customary closing conditions

Exhibits (2)

6-K

99.1

EXHIBIT 99.1