Performance Shipping Sells a Panamax

Greece-headquartered shipping transportation services company Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party a panamax container vessel.

According to the NASDAQ-listed company the 2005-built vessel “Pamina” will be delivered to the buyer latest by November 15, 2019.

The sale price of US$9.125 million before commissions, said the global provider of shipping transportation services through its ownership of vessels.

Upon completion of the aforementioned sale, Performance Shipping Inc.’s fleet will consist of 3 container vessels (2 Post-Panamax and 1 Panamax) and one Aframax tanker vessel.

The company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019.