Performance Shipping Inc.

The company provides global shipping transportation services through the ownership of tanker vessels. As of the date of this annual report, its operating fleet consists of 9 Aframax tanker vessels and 2 Suezmax tanker vessels, with a combined carrying capacity of 1,287,118 dwt and a weighted average age of approximately 9.2 years. The company was founded in January 2010 and initially focused on container vessels, but transitioned to a purely tanker fleet, exiting the containership sector in August 2020. During 2025, 2024, and 2023, the company had a fleet utilization of 98.6%, 99.2%, and 98.7% respectively. Its vessels achieved a daily time charter equivalent rate of $31,246, $32,954, and $36,954, respectively, and generated revenues from its vessels of $84.2 million, $87.5 million, and $108.9 million, respectively. The operating Aframax tanker vessels include BLUE MOON (2011, 104,623 DWT), BRIOLETTE (2011, 104,588 DWT), P. SOPHIA (2009, 105,071 DWT), P. ALIKI (2010, 105,304 DWT), P. MONTEREY (2011, 105,525 DWT), P. LONG BEACH (2013, 105,408 DWT), P. MASSPORT (2025, 114,036 DWT), P. TOKYO (2025, 114,014 DWT), and P. MARSEILLE (2026, 113,977 DWT). All listed operating vessels are on Time-Charter.