Performance Shipping Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Andreas Nikolaos Michalopoulos
- Full Time Employees
- 292
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 373 Syngrou Avenue Athens GH Greece 175 64
- IPO Date
- Jan 3, 2011
- CIK
- 0001481241
- Website
- pshipping.com
- Similar Companies
- Business
- Performance Shipping Inc. (NASDAQ:PSHG) is a global shipping company specializing in the ownership and operation of tanker vessels for the seaborne transportation of crude oil and refined petroleum products worldwide; its fleet primarily comprises Aframax and Suezmax tankers employed under time charter contracts, pool arrangements, and spot market voyages with liner companies, oil producers, refiners, and traders; as of late 2025, the fleet includes six Aframax vessels with a combined deadweight tonnage (DWT) of 630,519 tons, two recently acquired 2019-built Suezmax tankers (M/T Eco Bel Air and M/T Eco Beverly Hills, each 157,286 DWT) secured with three-year time charters to Repsol Trading S.A. at $36,500 per day, and additional LR2 Aframax newbuilds and an LR1 newbuilding on long-term charters including five-year agreements at $31,000 per day and a contract with Mercuria Energy Trading S.A. at $23,750 per day. The Company focuses on safe, environmentally responsible operations with strategic objectives including zero incidents, zero spills, efficient energy performance, and sound corporate governance; it conducts all commercial and technical management in-house through its wholly-owned subsidiary Unitized Ocean Transport Limited to maintain low operating expenses and high efficiency. Founded in 2010 and headquartered at 373 Syngrou Avenue, Palaio Faliro, Athens, Greece, Performance Shipping has expanded aggressively in 2024-2025 through the $150.9 million acquisition of the two Suezmax tankers, delivery of two LR2 Aframax newbuilds, a $100 million Nordic bond issuance that bolstered its balance sheet to $212 million in cash, and long-term charter agreements that increased its secured revenue backlog to $330 million with fixed charter coverage of 70% for 2026 and 57% for 2027.
Performance Shipping (PSHG) Projected to Release Earnings on Thursday
Performance Shipping Inc. Announces Completion of Sale and Delivery of M/T P. Sophia to New Owners
Performance Shipping Inc. Extends Time Charter for Aframax Tanker M/T Blue Moon for Two Years at the Average Rate of US$40,500 per Day
Performance Shipping Inc. Secures Substantially Improved Terms and Extension of Existing Nordea Bank Facility
Performance Shipping Inc. Extends Time Charter for M/T Briolette with Aramco Trading at US$37,700 Per Day for Three Years
Performance Shipping Inc. Announces Approval of Amendments Making Its Bonds Senior Unsecured
Performance Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2026
Performance Shipping Inc. Announces Filing of 2025 Annual Report on Form 20-F
Performance Shipping Inc. Announces Long-Term Time Charters for Two Suezmax Newbuilding Tankers Delivering in 2028 and 2029
Performance Shipping Inc. Announces Sale of 2010-Built Aframax Vessel M/T P. Aliki for US$42.65 Million
Performance Shipping Inc. Secures Sale and Leaseback Agreement for Newbuilding LR1 Tanker
Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2025
Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of Two Newbuilding Suezmax Tankers
Performance Shipping Inc. Announces Sale of 2009-Built Aframax Vessel M/T P. Sophia for US$35.65 Million
Performance Shipping Inc. Secures Three-Year Time Charter Contract for M/T P. Monterey at USD31,000 per Day
Performance Shipping Inc. Announces Naming and Delivery of M/T P. Marseille, the Third Vessel in Its Newbuilding Program
Performance Shipping (NASDAQ:PSHG) Trading Up 0.9% – Here’s What Happened
Performance Shipping Inc. Announces Delivery of the Second of Two 2019-Built Suezmax Tankers, M/T P. Beverly Hills
Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air
Performance Shipping Inc. Provides Update on Potential Forward Sale Agreement for M/T P. Sophia