Performance Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aramco Trading Fujairah FZE (Aramco or the Charterer) for the 2011-built, 104,588 dwt Aframax tanker vessel, the M/T Briolette. The gross charter rate will be USD 41,000 per day for a period of twenty-four (24) months +- 30 days at the option of the Charterer. The charter commenced on June 2, 2024, in direct continuation of the previous charter, and is expected to generate approximately USD 28.7 million in gross revenue for the minimum duration of the charter.