Performance Shipping Inc. Issues Inaugural Sustainability Report

ATHENS, GREECE, April 21, 2021 – Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its inaugural Sustainability Report (the “Report”) highlighting how the Company addresses Environmental, Social and Governance (“ESG”) issues as part of its ongoing effort to increase transparency and accountability. The Report, developed around the UN Sustainable Development Goals (“UN SDGs”) and in accordance with the Global Reporting Initiative Standards, outlines the Company’s commitments and efforts toward building strong corporate governance and to operating sustainably and responsibly. The Report, which covers the full year 2020, includes a Materiality Assessment identifying the topics that are most important to our stakeholders and presents extensive information about the Company’s activities and how it intends to progress towards sustainable growth.

The Report is available on the Company’s website at http://www.pshipping.com/how-we-care/sustainability