Performance Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Trafigura Maritime Logistics Pte Ltd. (Trafigura or the Charterer) for the 2010-built, 105,304 dwt LR2 Aframax tanker vessel, the M/T P. Aliki. The charter is for a minimum period of four and a half (4.5) months up to a maximum period of 6 months and 25 days, at the option of the Charterer. The gross charter rate will be USD 47,000 per day for the minimum period, and USD 48,500 per day for the remaining period up to the maximum redelivery date.

This charter is expected to commence on or around June 16, 2024, and is expected to generate approximately USD 6.4 million in gross revenue for the minimum duration of the charter.