Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki

Company Overview - Performance Shipping Inc. is a global provider of shipping transportation services specializing in the ownership of tanker vessels [3] - The company employs its fleet on spot voyages, through pool arrangements, and on time charters [3] Charter Agreement - The company has entered into a time charter contract with SeaRiver Maritime LLC, a subsidiary of ExxonMobil, for the M/T P. Aliki, a 2010-built, 105,304 dwt LR2 Aframax tanker vessel [1] - The gross charter rate is set at US$33,500 per day for a period of seven months, with a +/- 15 days option for the Charterer, expected to commence at the beginning of December [1] - This charter is projected to generate approximately US$6.6 million in gross revenue for the minimum duration of the charter [1] Management Commentary - The CEO of the company expressed satisfaction in securing the charter with SeaRiver Maritime LLC, highlighting it as a testament to the company's operational excellence and the confidence charterers place in its vessels and management practices [2]