Performance Shipping

PSHG

Market cap $22.8M

Overview Fund Activity

1.83 USD

-0.06

3.17%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

1.86

+0.03

1.64%

1 day

-3.17%

5 days

-8.5%

1 month

-1.61%

3 months

-13.27%

6 months

18.06%

Year to date

-3.68%

1 year

-1.61%

5 years

-97.98%

10 years

-100%

About: Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates six Aframax tanker vessels.

Employees: 211

Industrials Marine Shipping

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 1

13% more capital invested

Capital invested by funds: $896K [Q1] → $1.02M (+$121K) [Q2]

0.19% more ownership

Funds ownership: 4.49% [Q1] → 4.68% (+0.19%) [Q2]

11% less funds holding

Funds holding: 9 [Q1] → 8 (-1) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

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Financial journalist opinion

Performance Shipping Inc. Announces Naming and Delivery of M/T P. Tokyo, the Second Vessel in Its Newbuilding Program

ATHENS, Greece, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the successful naming and delivery of the M/T P. Tokyo, the second vessel from its current newbuilding program, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) in the People's Republic of China. The M/T P. Tokyo, previously referred to as Hull H1596, is a 114,000 DWT LNG-ready Tier III product/crude oil tanker. The naming ceremony was held at the shipyard, with Ms. Xinghang Zhang serving as the vessel's godmother. Upholding maritime tradition, she blessed the vessel and wished her crew safe and successful voyages.

Performance Shipping Inc. Announces Naming and Delivery of M/T P. Tokyo, the Second Vessel in Its Newbuilding Program

Performance Shipping Inc. Secures Time Charter Contract for M/T P. Aliki at US$30,000 Per Day

ATHENS, Greece, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has entered into a time charter contract with Pakistan National Shipping Corporation (“PNSC” or the “Charterer”) for its M/T P. Aliki, a 105,304 DWT LR2 Aframax tanker, built in 2010.

Performance Shipping Inc. Secures Time Charter Contract for M/T P. Aliki at US$30,000 Per Day

Performance Shipping Inc. Issues 2024 ESG Report

ATHENS, Greece, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its 2024 ESG 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, which covers the full year 2024 and is developed with reference to the Global Reporting Initiative Universal Standards 2021 (“GRI's”), outlines the Company's efforts toward building strong corporate governance and operating sustainably and responsibly.

Performance Shipping Inc. Issues 2024 ESG Report

Performance Shipping Inc. Announces Naming and Delivery of M/T P. Massport, First of Four Newbuild Tankers on Order

ATHENS, Greece, July 31, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the successful naming and delivery of its first LR2 Aframax newbuilding, M/T P. Massport, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. in the People's Republic of China. The naming ceremony was held at the shipyard, with Ms. Nicole Gummerus serving as the vessel's godmother. In line with maritime tradition, she blessed the vessel and wished her crew safe and successful voyages.

Performance Shipping Inc. Announces Naming and Delivery of M/T P. Massport, First of Four Newbuild Tankers on Order

Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2025

ATHENS, Greece, July 30, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $9.1 million and net income attributable to common stockholders of $8.6 million for the second quarter of 2025. These results are compared to a net income of $10.2 million and net income attributable to common stockholders of $9.7 million for the same period in 2024. Earnings per share, basic and diluted, for the second quarter of 2025 were $0.69 and $0.23, respectively.

Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2025

Performance Shipping Inc. Announces Signing of Refinancing Agreement With Alpha Bank S.A.

ATHENS, Greece, July 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed an agreement for the refinancing of its existing loan facility with Alpha Bank S.A. (the “Facility”) through two separate wholly-owned subsidiaries of the Company. This facility refinances the full outstanding loan balance of US$29,750,000 previously secured by the M/T P. Long Beach and the M/T P. Aliki. This agreement follows the acceptance of a commitment letter from Alpha Bank, as previously announced on June 24, 2025.

Performance Shipping Inc. Announces Signing of Refinancing Agreement With Alpha Bank S.A.

Performance Shipping Inc. Announces Successful Placement of $100 Million Bond Offering

ATHENS, Greece, July 02, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”) announced today that it has successfully placed USD 100 million of bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in July 2029 and will pay a fixed coupon of 9.875% per annum, payable semi-annually in arrears and were priced at 97% of par. The bonds are secured in part by first priority mortgages over the Company's two oldest tanker vessels, which are presently unencumbered. The offering is expected to close on July 17, 2025, subject to customary closing conditions.

Performance Shipping Inc. Announces Successful Placement of $100 Million Bond Offering

Performance Shipping Inc. Announces Acceptance of a Signed Commitment Letter From Alpha Bank A.E. to Refinance Existing Facilities

ATHENS, Greece, June 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has accepted a commitment letter whereby it intends to enter into an agreement for a refinancing of the existing loan outstanding of US$29,750,000 with Alpha Bank A.E. (the “Facility”) through two separate wholly-owned subsidiaries of the Company. This Facility is subject to the completion of customary closing conditions and the execution of a final loan agreement by the Company and its lenders. Proceeds from the Facility will be used to refinance in full the existing indebtedness maintained with Alpha Bank and secured by the M/T P. Long Beach and the M/T P. Aliki. This Facility shall bear interest at the rate of SOFR plus 1.90% per annum.

Performance Shipping Inc. Announces Acceptance of a Signed Commitment Letter From Alpha Bank A.E. to Refinance Existing Facilities

Performance Shipping Inc. Secures Long-Term Time Charter Contract at US$23,750 Per Day With Mercuria for LR1 Newbuilding Tanker

ATHENS, Greece, June 17, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a long-term time charter contract with Mercuria Energy Trading S.A. (“Mercuria” or the “Charterer”), for its fourth newbuilding, the previously announced LR1 tanker scheduled for delivery in early 2027.

Performance Shipping Inc. Secures Long-Term Time Charter Contract at US$23,750 Per Day With Mercuria for LR1 Newbuilding Tanker

Performance Shipping Inc. Announces Fixed Income Investor Meetings

ATHENS, Greece, June 04, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”), through its Norwegian investment banks, will arrange a series of fixed income investor calls commencing on June 6, 2025. A five-year USD denominated senior unsecured bond issue may follow, subject to inter alia market conditions.

Performance Shipping Inc. Announces Fixed Income Investor Meetings

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