Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air

Core Viewpoint - Performance Shipping Inc. has successfully taken delivery of the M/T P. Bel Air, a 2019-built Suezmax tanker, marking a significant step in the company's expansion strategy [2] Group 1: Company Developments - The M/T P. Bel Air is the first of two Suezmax tankers to be delivered, with the second vessel expected by the end of December 2025 [2] - Following this delivery, the company's fleet now consists of twelve tanker vessels, including two newbuild tankers under construction and nine currently operating [2] - The M/T P. Bel Air will commence a three-year time charter with Repsol Trading S.A. at a rate of US$36,500 per day, indicating a solid commercial achievement and a new partnership with a reputable charterer [2] Group 2: Future Outlook - The company anticipates the delivery of the second Suezmax tanker by year-end, which will enhance its operational capabilities and long-term earnings visibility [2]