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Performance Shipping

PSHG

Market cap $21.1M

1.70 USD

+0.01

0.59%

At close Updated Aug 26, 1:38 PM EDT

1 day

0.59%

5 days

-1.16%

1 month

-5.03%

3 months

0%

6 months

-20.56%

Year to date

-22.37%

1 year

-10.05%

5 years

-97.56%

10 years

-100%

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

Employees: 292

Industrials Marine Shipping

News

Positive

Neutral

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Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

Performance Shipping Inc. Reports Financial Results For The Second Quarter and Six Months Ended June 30, 2026

ATHENS, Greece, July 29, 2026 (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 $11.9 million and net income attributable to common stockholders of $13.9 million for the second quarter of 2026, compared to a net income of $9.1 million and net income attributable to common stockholders of $8.6 million for the same period in 2025. Earnings per share, basic and diluted, for the second quarter of 2026 were $1.12 and $0.37, respectively.

Performance Shipping Inc. Reports Financial Results For The Second Quarter and Six Months Ended June 30, 2026

Performance Shipping Inc. Announces Completion of Sale and Delivery of M/T P. Sophia to New Owners

ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” 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 completed the previously announced sale of the 2009-built, 105,071 dwt Aframax tanker vessel M/T P. Sophia, with the successful delivery of the vessel to her new owners. The M/T P. Sophia was debt-free at the time of her delivery to the new owners.

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

ATHENS, Greece, July 14, 2026 (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 wholly-owned subsidiary, it has extended the existing time charter contract with American Eagle Tankers (“AET” or the “Charterer”), a member of MISC Group, for the 2011-built, 104,623 dwt Aframax tanker vessel, M/T Blue Moon.

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

ATHENS, Greece, July 08, 2026 (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 two of its wholly-owned subsidiaries, it has entered into a first supplemental agreement with Nordea Bank Abp NUF (“Nordea”), amending its existing secured loan facility dated August 4, 2023.

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

ATHENS, Greece, July 06, 2026 (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 extended the time charter contract with Aramco Trading Fujairah FZE (“Aramco” or the “Charterer”), for the 2011-built, 104,588 dwt Aframax tanker vessel, M/T Briolette.

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

ATHENS, Greece, June 29, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”) announced today that it has obtained approval to amend the terms of its 9.875% senior secured bonds (the “Bonds”), pursuant to the bond terms dated July 15, 2025,as amended (the “Bond Terms”).

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

ATHENS, Greece, May 26, 2026 (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 $10.2 million for the first quarter of 2026, compared to a net income of $29.4 million for the same period in 2025. Earnings per share, basic and diluted, for the first quarter of 2026 were $0.79 and $0.26, respectively. The net income for the first quarter of 2025 included a gain of $19.5 million resulting from the sale of the vessel P. Yanbu.

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

ATHENS, Greece, April 27, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that it has filed its 2025 Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the “Annual Report”), with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report, which contains the Company's audited consolidated financial statements, can be accessed through the SEC's website at http://www.sec.gov as well as through the Company's website at http://www.pshipping.com . Upon request, we will provide any shareholder with a hard copy of the Annual Report free of charge.

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

ATHENS, Greece, April 16, 2026 (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 time charter agreements with Repsol Trading S.A. (“Repsol”) for its two previously announced 158,000 dwt Suezmax tanker newbuilding vessels (the “Vessels”) under construction in China, by China Shipbuilding Trading Co. Ltd. and Shanghai Waigaoqiao Shipbuilding Co. Ltd.

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

ATHENS, Greece, April 14, 2026 (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 signed a Memorandum of Agreement to sell its oldest vessel, the 2010-built, 105,304 dwt Aframax tanker vessel, M/T P. Aliki, to Trafigura Maritime Logistics Pte. Ltd. for a gross sale price of US$42.65 million. The vessel is expected to be delivered to the new owners in or around the end of the third quarter 2026, subject to customary closing conditions and upon expiration of her current US$30,000 per day time charter with Pakistan National Shipping Corporation.

Performance Shipping Inc. Announces Sale of 2010-Built Aframax Vessel M/T P. Aliki for US$42.65 Million

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