Core Viewpoint - Performance Shipping Inc. is expanding its fleet by acquiring two eco-friendly Suezmax tankers, enhancing its operational profile and aligning with its strategy for modernization and growth in the midsize tanker segment [1][2]. Company Overview - Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels, and employs its fleet on spot voyages, pool arrangements, and time charters [3]. Fleet Expansion Details - The company has entered into agreements to purchase the M/T Eco Bel Air and M/T Eco Beverly Hills, both built in 2019, for a total price of USD 75,438,000 per vessel, with delivery expected between December 2025 and January 2026 [1][2]. - The new vessels are equipped with energy-efficient technologies, including lower consumption electronic engines and scrubbers, which contribute to their eco-design [1]. Financial Strategy - Following a USD 100 million bond issue in July, the company is considering a moderate amount of debt to maintain flexibility for future acquisitions while having sufficient cash on hand for the current purchase [2].