Performance Shipping Inc. Extends Time Charter for Aframax Tanker M/T Blue Moon for Two Years at the Average Rate of US$40,500 per Day

14 Jul 2026 15:34 CEST

Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global
shipping company specializing in the ownership of tanker vessels, today
announced that, through a wholly-owned subsidiary, it has extended the existing
time charter contract with American Eagle Tankers (“AET” or the “Charterer”), a
member of MISC Group, for the 2011-built, 104,623 dwt Aframax tanker vessel, M/T
Blue Moon.

The charter has been extended for a period of twenty-four (24) months +/– 15
days at the option of the Charterer at an average gross charter rate of
US$43,000 per day for the first year and US$38,000 per day for the second year,
representing an average gross charter rate of US$40,500 per day over the
two-year period. Upon completion of the vessel’s current charter period, the M/T
Blue Moon is scheduled to undergo its planned drydock. The extended charter
period is expected to commence directly thereafter, by the end of 2026.

The charter extension is expected to generate approximately US$29 million of
gross revenue for the minimum duration of the extended charter period.

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678175_PSHG - Blue Moon charter - final.pdf