Performance Shipping adds LR2 tanker P. Marseille

Performance Shipping Inc. reports the naming and delivery of the M/T P. Marseille, a 114,000 DWT LNG-ready Tier III product/crude oil tanker built at Shanghai Waigaoqiao Shipbuilding in China.

Rhea-AI Filing Summary

Performance Shipping Inc. reports the naming and delivery of the M/T P. Marseille, a 114,000 DWT LNG-ready Tier III product/crude oil tanker built at Shanghai Waigaoqiao Shipbuilding in China. This LR2 vessel is the third ship in the company’s current newbuilding program, following the M/T P. Massport and M/T P. Tokyo, and supports its fleet expansion and renewal strategy with younger, fuel-efficient tonnage.

All three newbuilding LR2 vessels, including the M/T P. Marseille, are employed under five-year time charter contracts with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group, with options for a sixth and seventh year at a base rate plus profit-sharing. One LR1 chemical/product tanker remains under construction and is scheduled for delivery in early 2027, which would further add to the company’s tanker fleet.

Insights

Shipping industry analyst

New LR2 tanker delivery completes a three-vessel program and begins a five-year charter.

Performance Shipping Inc. has taken delivery of the M/T P. Marseille, a 114,000 DWT LNG-ready Tier III LR2 product/crude oil tanker from Shanghai Waigaoqiao Shipbuilding. This is the third and final LR2 in its current newbuilding program, following the M/T P. Massport and M/T P. Tokyo, and reflects a focused move toward younger, higher-specification, more fuel-efficient tonnage.

The company states that all three LR2 newbuildings are fixed on five-year time charters with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group, with options for a sixth and seventh year at a base rate plus profit-sharing. This structure combines multi-year employment visibility with upside exposure if market conditions are favorable. The counterparty is described as a first-class commodities trading house, which may be relevant for contract reliability.

One LR1 chemical/product tanker remains under construction and is scheduled for delivery in early 2027, indicating continued fleet growth beyond the LR2 program. The overall financial impact will depend on realized charter rates, profit-sharing performance, and operating costs across these vessels, which would typically be detailed in future periodic reports rather than in this event-focused update.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Performance Shipping Inc. (PSHG) announce in this Form 6-K?

Performance Shipping Inc. announced the naming and delivery of the M/T P. Marseille, a 114,000 DWT LNG-ready Tier III product/crude oil LR2 tanker, built at Shanghai Waigaoqiao Shipbuilding in China.

How does the M/T P. Marseille fit into Performance Shipping Inc. (PSHG)'s fleet strategy?

The M/T P. Marseille is the third vessel in the company’s current LR2 newbuilding program and supports its strategy to expand and renew its fleet with younger, high-specification, fuel-efficient tankers.

What are the charter arrangements for the new LR2 vessels of Performance Shipping Inc. (PSHG)?

All three LR2 newbuilding vessels, including the M/T P. Marseille, have secured five-year time charter contracts with Clearlake Shipping Pte Ltd, with options for a sixth and seventh year at a base rate plus profit-sharing.

Who is chartering the M/T P. Marseille from Performance Shipping Inc. (PSHG)?

The M/T P. Marseille has been delivered to Clearlake Shipping Pte Ltd, a subsidiary of the Gunvor Group, under a five-year time charter with options for additional years at a base rate plus profit-sharing.

Does Performance Shipping Inc. (PSHG) have more newbuild vessels coming?

Yes. One LR1 chemical/product tanker remains under construction and is scheduled for delivery in early 2027, which would further expand the company’s tanker fleet.

What type of vessel is the M/T P. Marseille operated by Performance Shipping Inc. (PSHG)?

The M/T P. Marseille is a 114,000 DWT LNG-ready Tier III LR2 product/crude oil tanker designed to be modern and fuel-efficient, contributing to improved operational efficiency and environmental performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 01/14/2026 - 04:05 PM Learn about SEC filing dates

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of January 2026

Commission File Number: 001-35025

PERFORMANCE SHIPPING INC.

(Translation of registrant’s name into English)

373 Syngrou Avenue

175 64 Palaio Faliro

Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this report (this “Report”) on Form 6-K as Exhibit 99.1 is a copy of the press release of Performance Shipping Inc. (the “Company”) dated January 14, 2026, titled “Performance Shipping Inc. Announces Naming and Delivery of M/T P. Marseille, the Third Vessel in its Newbuilding Program.”

The information contained in this Report on Form 6-K, excluding the statement in Exhibit 99.1 attributed to the Company’s Chief Executive Officer, is hereby incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-197740), filed with the U.S. Securities and Exchange Commission (the “SEC”) with an effective date of August 13, 2014, the Company’s registration statement on Form F-3 (File No. 333-266946), filed with the SEC with an effective date of August 29, 2022, and the Company’s registration statement on Form F-3 (File No. 333-271398), filed with the SEC with an effective date of May 4, 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PERFORMANCE SHIPPING INC.
	(Registrant)
Dated: January 14, 2026	/s/ Andreas Michalopoulos
	By: Andreas Michalopoulos
	Chief Executive Officer

Exhibit 99.1

Corporate Contact:

Andreas Michalopoulos

Chief Executive Officer, Director and Secretary

Telephone: +30-216-600-2400

Email: amichalopoulos@pshipping.com

Website: www.pshipping.com

For Immediate Release

Investor and Media Relations:

Edward Nebb

Comm-Counsellors, LLC

Telephone: + 1-203-972-8350

Email: enebb@optonline.net

PERFORMANCE SHIPPING INC. ANNOUNCES NAMING AND DELIVERY OF M/T P. MARSEILLE, THE THIRD VESSEL IN ITS NEWBUILDING PROGRAM

ATHENS, GREECE - January 14, 2026 - Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the successful naming and delivery of the M/T P. Marseille, the third vessel in its current newbuilding program, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) in the People’s Republic of China. The M/T P. Marseille, previously referred to as Hull H1597, is a 114,000 DWT LNG-ready Tier III product/crude oil tanker. The naming ceremony was held at the shipyard with Ms. Aliki Paliou serving as the vessel’s godmother. Upholding maritime tradition, she blessed the vessel and wished her crew safe and successful voyages.

This delivery follows the M/T P. Massport and M/T P. Tokyo and represents another important milestone in the Company’s fleet expansion and renewal strategy. As previously announced, all three newbuilding LR2 vessels have secured five-year time charter contracts with Clearlake Shipping Pte Ltd (the “Charterer”), a subsidiary of the Gunvor Group, one of the world’s largest independent commodities trading houses. Following delivery to the Company, the M/T P. Marseille was delivered to the Charterer and has commenced operations under its five-year time charter contract, with options for a sixth and seventh year at a base rate plus profit-sharing.

One LR1 chemical/product tanker remains under construction and is scheduled for delivery in early 2027.

Commenting on the vessel’s naming and delivery, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated:

“With the delivery of this LR2 vessel, we have now successfully completed our three-LR2-vessel newbuilding program with Shanghai Waigaoqiao Shipbuilding, further advancing our strategy to expand and renew our fleet with younger, high-specification tonnage. The addition of this modern, fuel-efficient vessel enhances our operational efficiency and improves our environmental footprint.

“The vessel’s employment under a long-term fixed charter with Clearlake Shipping Pte Ltd, a first-class counterparty, provides secured revenues from delivery and reinforces the stability and visibility of our cash flows. We would like to thank Shanghai Waigaoqiao Shipbuilding for their professionalism, high-quality workmanship, and strong cooperation throughout the construction process, and we wish the M/T P. Marseille and her crew safe voyages and favorable conditions ahead.”

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements, and on time charters.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts including with respect to employment of our fleet and vessel deliveries. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “targets,” “likely,” “would,” “could,” “seeks,” “continue,” “possible,” “might,” “pending” and similar expressions, terms or phrases may identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types of products, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine and the war between Israel and Hamas, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.