The Buyer has informed the Company that the M/T P. Sophia was not selected for the Offshore Project. As a result, the potential forward sale and exclusivity agreement has automatically lapsed, no sale will be completed under its terms, and the vessel will continue to operate in the Company's fleet.
Breaking News/EventOperational Update
Performance Shipping Announces Sale Of M/T P. Sophia Will Not Materialize
Benzinga•December 05, 2025 at 9:13 PM•Full Content
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Performance Shipping's planned sale of the M/T P. Sophia has been canceled after the buyer withdrew interest, leaving the vessel in the company's active fleet.
LLM Summary
The buyer has informed Performance Shipping that the M/T P. Sophia was not selected for an offshore project, causing the potential sale and exclusivity agreement to automatically lapse. As a result, the vessel will remain in the company's fleet and no sale will proceed.
Full Article Content
Metadata
Author:
Benzinga Newsdesk
Tickers:
PSHG
Updated At:
December 05, 2025 at 5:13 PM
Benzinga Channels:
News, Asset Sales
Teaser:
The Buyer has informed the Company that the M/T P. Sophia was not selected for the Offshore Project. As a result, the potential forward sale and exclusivity agreement has automatically lapsed, no sale will be completed
Benzinga Stocks:
PSHG (NASDAQ)
Benzinga Article ID:
49242461