Performance Shipping Inc. Announces Delivery of the Aframax Tanker “Briolette”

Athens, Greece - November 25, 2019

Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Briolette (formerly “Maersk Jamnagar”), a 2011-built Aframax tanker vessel of 104,588 dwt that the Company entered into an agreement to purchase in June 2019.

Including the newly delivered m/t Briolette, Performance Shipping Inc.’s fleet currently consists of 2 container vessels (1 Post-Panamax and 1 Panamax) and 2 Aframax tanker vessels. The Company also expects to take delivery of one additional Aframax tanker vessel by the end of January 2020.

A table describing the current Performance Shipping Inc. fleet can be found on the Company’s website, www.pshipping.com. Information included on the Company’s website does not constitute a part of this press release.

About the Company
Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company’s current fleet of vessels is employed primarily on time charters with leading charterers.

Performance Shipping Inc. press release