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Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air
ATHENS, Greece, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Bel Air (formerly “Eco Bel Air”), a 2019-built Suezmax tanker of 157,286 dwt that the Company entered into an agreement to purchase in October 2025. As previously announced, the M/T P. Bel Air is the first of two
About this update from Performance Shipping Inc.
[{"type":"text","content":"ATHENS, Greece, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Bel Air (formerly “Eco Bel Air”), a 2019-built Suezmax tanker of 157,286 dwt that the Company entered into an agreement to purchase in October 2025.","length":435,"tagName":"p"},{"type":"text","content":"As previously announced, the M/T P. Bel Air is the first of two 2019-built Suezmax tankers to be delivered to the Company, with the sister vessel expected to be delivered by the end of December. With this delivery, the Company’s fleet consists of a total of twelve (12) tanker vessels, including two newbuild tankers under construction, with nine currently operating on the water.","length":380,"tagName":"p"},{"type":"text","content":"Commenting on this delivery, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated:","length":98,"tagName":"p"},{"type":"text","content":"“We are pleased to take delivery of our first Suezmax tanker earlier than initially expected, reflecting significant steps in the Company’s expansion. The vessel will immediately commence its previously-announced three-year time charter with Repsol Trading S.A. at a rate of US$36,500 per day, representing both a solid commercial achievement and our first partnership with this highly reputable charterer. Looking ahead, we expect to take delivery of our second Suezmax tanker by year-end, completing the early integration of our modern, eco-design and fuel efficient Suezmax fleet, further strengthening our operational capabilities and enhancing our long-term earnings visibility.”","length":684,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements, and on time charters.","length":219,"tagName":"p"},{"type":"text","content":"Cautionary Statement Regarding Forward-Looking Statements","length":57,"tagName":"p"},{"type":"text","content":"Matters discussed in this press release may constitute forward-looking statements. The Priv...