 ATHENS, Greece, Nov. 11, 2020 GLOBE NEWSWIRE -- Performance Shipping Inc. NASDAQ: DCIX, the Company, a global shipping company specializing in the ownership of tankers, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the MT Kalamas, a 105,400 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine Engineering Co. Ltd, Japan, from an unaffiliated third party seller for a total purchase price of US22.0 million. The vessel, the Companys fifth Aframax tanker, is expected to be delivered between November 15 and December 22, 2020, and will be renamed MT P. Yanbu. 