Diana Containerships

Performance Shipping, Inc. engages in the provision of shipping transportation services through its ownership of containerships. Its vessels are employed on time charters with liner companies carrying containerized cargo along worldwide shipping routes. The firm operates through the following segments: Tankers Vessels and Containers Vessels. Its fleet includes the following vessels: Sagitta, CEntaurus, New Jersey, Pamina, Domingo, Puelo, Pucon, March, Great, Hamburg, and Rotterdam. The company was founded on January 7, 2010 and is headquartered in Athens, Greece.

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ATHENS, Greece, March  27, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has redeemed all of its issued and outstanding Series C Preferred Shares from Diana Shipping Inc., for an aggregate purchase price of US$1.5 million. The Series C Shares, which were issued to Diana Shipping Inc. under a then-existing credit facility in exchange for a reduction of indebtedness of US$3.0 million, conveyed 250,000 votes per Series C share. The Series C Shares have effectively been cancelled by the Company.

PERFORMANCE SHIPPING INC. ANNOUNCES REPURCHASE OF SERIES C PREFERRED SHARES AND CHANGE OF TICKER SYMBOL

ATHENS, Greece, Feb.  28, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on February 18, 2020, in Limassol, Cyprus, pursuant to a Notice of Annual Meeting of Shareholders dated January 9, 2020. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Performance Shipping Inc. Announces Results of 2020 Annual Meeting of Shareholders and Changes to Board of Directors and Executive Officers

ATHENS, Greece, Feb.  10, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, since the previous update on the share buyback program (the “Program”) on February 3, 2020, it has repurchased an aggregate of 160,149 common shares at an average price of US$0.8033 per share. Since the beginning of the Program, the Company has repurchased an aggregate of 287,692 common shares at an average price of US$0.8059 per share. All common shares repurchased under the Program, which expires on December 21, 2020, have been or will be cancelled. Following the settlement and cancelation of all shares repurchased under the Program, the Company will have 49,150,762 common shares issued and outstanding. Separately, the Company’s issued and outstanding Series B-2 preferred shares have been reduced to 1,200.

Performance Shipping Inc. Update on Repurchases Under the Previously Announced Share Buyback Program

ATHENS, Greece, Feb.  03, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, since January 29, 2020, it has repurchased an aggregate of 127,543 common shares under its previously announced share buyback program (the “Program”) at an average price of $0.8091 per share. All common shares repurchased under the Program have been or will be cancelled. Following the settlement and cancellation of all shares repurchased under the Program, the Company will have 49,173,530 common shares issued and outstanding. In addition, the Company's issued and outstanding Series B-2 preferred shares have been reduced from 1,500 to 1,300.

Performance Shipping Inc. Repurchases Under the Previously Announced Share Buyback Program

ATHENS, Greece, Jan.  27, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2008-built Post-Panamax container vessel “Rotterdam”, with delivery to the buyer latest by May 15, 2020, for a sale price of US$18.5 million before commissions.

Performance Shipping Inc. Announces the Sale of a Post-Panamax Container Vessel, the M/V Rotterdam

ATHENS, Greece, Jan.  14, 2020  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that its Board of Directors authorized a share repurchase program to purchase up to an aggregate of US$6.0 million of the Company’s common shares. As of the date hereof, the Company has 49,021,001 issued and outstanding common shares and another 1,500 Series B-2 preferred shares issued and outstanding. The timing and amount of any repurchases will be determined by the Company’s management team and will depend on market conditions, capital allocation alternatives, applicable securities laws and other factors. Repurchases of common shares may take place in privately negotiated transactions, in open market transactions pursuant to Rule 10b‐18 of the Securities Exchange Act of 1934, or pursuant to a trading plan adopted in accordance with Rule 10b5‐1 of the Securities Exchange Act of 1934. The Company is not obligated under the terms of the program to repurchase any particular number of its common shares. The Board of Directors’ authorization of the repurchase program is effective immediately and expires on December 21, 2020. Common shares repurchased as part of this program will be cancelled by the Company.

Performance Shipping Inc. Announces Share Repurchase Program

ATHENS, Greece, Nov.  25, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of  containerships and tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Briolette (formerly “Maersk Jamnagar”), a 2011-built Aframax tanker vessel of 104,588 dwt that the Company entered into an agreement to purchase in June 2019.

Performance Shipping Inc. Announces Delivery of the Aframax Tanker “Briolette”

ATHENS, Greece, Nov.  20, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire from a related party all of the issued and outstanding shares of an entity that has entered into a contract to purchase one 2007 built Aframax tanker vessel from an unaffiliated third party seller for a total purchase price of US$26.0 million. The transaction was approved by a majority of the disinterested members of the board of directors of the Company.

Performance Shipping Inc. Announces Agreement to Acquire an Aframax Tanker and US$11.0 Million Investment by Its Chairman

ATHENS, Greece, Oct.  31, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that its board of directors has unanimously appointed Mr. Andreas Michalopoulos to the position of Deputy Chief Executive Officer, effective immediately. Mr. Michalopoulos, who is presently the Company’s Chief Financial Officer and Treasurer, will retain such position for the time being. While it is expected that Mr. Michalopoulos will eventually succeed Mr. Symeon Palios as Chief Executive Officer, Mr. Palios’ active role as Chief Executive Officer and Chairman of the Company will be unchanged in the near term.

Performance Shipping Inc. Announces Appointment of Deputy Chief Executive Officer

Reassessing the company's surprise decision to acquire two Aframax tankers in June in light of recent events.

Performance Shipping: A Well-Timed Foray Into Tankers

ATHENS, Greece, Sept.  27, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Pucon”, with delivery to the buyer latest by December 5, 2019, for a sale price of US$20.215 million before commissions.  

Performance Shipping Inc. Announces the Sale of a  Post-Panamax Container Vessel, the m/v Pucon

ATHENS, Greece, Sept.  11, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has received written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated September 6, 2019, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from July 24, 2019 to September 5, 2019, was below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Global Select Market, the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until March 4, 2020.

Performance Shipping Inc. Announces Receipt of NASDAQ Notice

ATHENS, Greece, Aug.  27, 2019  (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2005-built vessel “Pamina”, with delivery to the buyer latest by November 15, 2019, for a sale price of US$9.125 million before commissions.  

Performance Shipping Inc. Announces the Sale of a Panamax Container Vessel, the M/V Pamina

News for Diana Containerships Stock (DCIX)