Performance Shipping Inc SEC Filings

Performance Shipping Inc. filed a Form 6-K announcing that its Notice of Annual Meeting of Shareholders and Proxy Statement (Exhibit 99.1) and Proxy Card (Exhibit 99.2) were mailed to shareholders on or around November 4, 2025.

Except for the statement in Exhibit 99.1 attributed to the Chief Executive Officer, the materials are incorporated by reference into the Company’s Form F-3 registration statements (File Nos. 333-197740 effective August 13, 2014; 333-266946 effective August 29, 2022; and 333-271398 effective May 4, 2023).

Performance Shipping Inc. announced the naming and delivery of M/T P. Tokyo, described as the second vessel in its newbuilding program. The notice also references a press release dated September 2, 2025 and states that the report incorporates certain information by reference into the company’s Form F-3 registration statements. This filing is a short operational update confirming an added vessel to the company’s fleet as part of its planned newbuilds.

Performance Shipping Inc. filed a Form 6-K reporting a press release dated August 18, 2025 announcing that the company secured a time charter contract for the tanker M/T P. Aliki at US$30,000 per day. The Form 6-K notes the press release is included as Exhibit 99.1 and states that all information in the report, except the statement in Exhibit 99.1 attributed to the Chief Executive Officer, is incorporated by reference into the company’s Form F-3 registration statements (File Nos. 333-197740, 333-266946 and 333-271398). The filing lists the company’s principal executive office address in Athens, Greece.

Performance Shipping Inc. filed a Form 6-K attaching two press releases: a July 31, 2025 release announcing the naming and delivery of M/T P. Massport, described as the first of four newbuild tankers on order, and a July 30, 2025 release reporting the company’s financial results for the second quarter and six months ended June 30, 2025. The filing states that the information in the Form 6-K, except for the CEO-attributed statement in Exhibit 99.1 and excluding Exhibit 99.2 in its entirety, is incorporated by reference into three existing Form F-3 registration statements (effective dates listed in the filing). The Form 6-K therefore provides notice of a fleet delivery event and a separate financial-results release while clarifying which exhibit content is incorporated by reference.

Performance Shipping (PSHG) posted strong bottom-line growth in its H1 2025 Form 6-K. Net income jumped 78% YoY to $38.5 million, mainly from a $19.5 million gain on the sale of the Aframax tanker P. Yanbu. Core operating metrics softened: revenue fell 8% to $39.5 million and the blended TCE rate slipped 2.8% to $31,521/day, reflecting a weaker spot market and higher voyage exposure. Voyage expenses rose 63% due to increased spot employment and initial EU ETS/FuelEU costs, partly offset by a 6% drop in daily vessel opex to $7,731/day.

Liquidity and balance sheet quality improved. Cash and cash equivalents climbed to $95.8 million (vs. $70.3 million at 31-Dec-24) while gross bank debt fell to $43.9 million, cutting interest expense to just $0.1 million. Working capital increased to $88.4 million. Subsequent events add financial flexibility: a $100 million Nordic bond (9.875%, 2029 maturity) closed 17-Jul-25, a $29.8 million five-year Alpha Bank refinancing lowered the margin to 1.90%, and newbuilding Hull 1515 was delivered then sold and leased back for $44.3 million. PSHG still faces $167 million in remaining newbuilding instalments and will carry a higher fixed-rate bond obligation. Fleet utilisation held at 98.7% on 1,169 ownership days.