Performance Shipping Sells Vessel for $39M
Ticker: PSHG · Form: 6-K · Filed: Mar 26, 2025 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: vessel-sale, fleet-management, disposal
Related Tickers: PERF
TL;DR
PERF sold M/T P. Yanbu for $39M, delivery complete.
AI Summary
Performance Shipping Inc. announced on March 24, 2025, the sale of its 2011-built Aframax vessel, the M/T P. Yanbu, for US$39 million. The company has completed the delivery of the vessel to its new owners.
Why It Matters
This sale generates significant cash for Performance Shipping Inc., which can be used for fleet renewal, debt reduction, or other strategic initiatives.
Risk Assessment
Risk Level: low — This is a routine disclosure of a vessel sale, a common event in the shipping industry.
Key Numbers
- US$39 million — Vessel Sale Price (Represents the proceeds from the sale of the M/T P. Yanbu)
Key Players & Entities
- Performance Shipping Inc. (company) — Filer of the report and seller of the vessel
- M/T P. Yanbu (company) — The vessel sold by Performance Shipping Inc.
- US$39 million (dollar_amount) — The sale price of the M/T P. Yanbu
- March 24, 2025 (date) — Date of the press release announcing the sale
FAQ
What is the name of the vessel sold by Performance Shipping Inc.?
The vessel sold is the M/T P. Yanbu.
For how much was the M/T P. Yanbu sold?
The M/T P. Yanbu was sold for US$39 million.
When was the sale of the M/T P. Yanbu announced?
The sale was announced in a press release dated March 24, 2025.
What type of vessel is the M/T P. Yanbu?
The M/T P. Yanbu is a 2011-built Aframax vessel.
Has the delivery of the M/T P. Yanbu to its new owners been completed?
Yes, the filing states that the delivery to her new owners has been completed.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 26, 2025 regarding Performance Shipping Inc. (PSHG).