NasdaqCM - Nasdaq Real Time Price ? USD Performance Shipping Inc. (PSHG) Follow Compare 2.0700 +0.0100 (+0.49%) At close: October 25 at 4:00 PM EDT 2.1190 +0.05 (+2.37%) After hours: October 25 at 4:50 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Performance Shipping Inc. Secures Sale and Leaseback Agreement for Second Newbuild LR2 Aframax Tanker ATHENS, Greece, Oct. 24, 2024 (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 sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel (the “Vessel”). As announced on December 20, 2023, this vessel is one of two newbuilding LNG-read GlobeNewswire ? 3 days ago PSHG +0.49% Performance Shipping's (NASDAQ:PSHG) Returns On Capital Are Heading Higher What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a... Simply Wall St. ? last month PSHG +0.49% Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2024 ATHENS, Greece, July 25, 2024 (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 and net income attributable to common stockholders of $9.7 million for the second quarter of 2024. The 2024 second quarter results compared to a net income of $18.4 million and net income attributable to common stockholders of $17.9 million for the same period in 20 GlobeNewswire ? 3 months ago PSHG +0.49% Performance Shipping Inc. Announces Initiation of Analyst Coverage by Alliance Global Partners (AGP) ATHENS, Greece, July 24, 2024 (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 Alliance Global Partners (AGP) has initiated analyst coverage of the Company with a “Buy” rating and US$6.50 price target. All reports prepared by analysts represent the views of those analysts and not necessarily those of the Company. The Company is not responsible for the content, acc GlobeNewswire ? 3 months ago PSHG +0.49% Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax Tanker ATHENS, Greece, July 16, 2024 (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 sale and leaseback agreement with an unaffiliated Japanese third party for a previously announced newbuild LR2 Aframax tanker vessel (the “Vessel”). As announced on March 8, 2023, the newbuilding LNG-ready, scrubber-fitte GlobeNewswire ? 3 months ago PSHG +0.49% Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki ATHENS, Greece, June 06, 2024 (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 time charter contract with Trafigura Maritime Logistics Pte Ltd ("Trafigura" or the "Charterer") for the 2010-built, 105,304 dwt LR2 Aframax tanker vessel, the M/T P. Aliki. The charter is for a minimum period of four an GlobeNewswire ? 4 months ago PSHG +0.49% Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per Day ATHENS, Greece, June 05, 2024 (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 time charter contract with Aramco Trading Fujairah FZE (“Aramco” or the "Charterer") for the 2011-built, 104,588 dwt Aframax tanker vessel, the M/T Briolette. The gross charter rate will be US$41,000 per day for a period GlobeNewswire ? 4 months ago PSHG +0.49% Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024 ATHENS, Greece, May 30, 2024 (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 $11.4 million and net income attributable to common stockholders of $11.0 million for the first quarter of 2024. The 2024 first quarter results compared to a net income of $15.7 million and net income attributable to common stockholders of $4.6 million for the same period in 2023. GlobeNewswire ? 4 months ago PSHG +0.49% Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel ATHENS, Greece, May 07, 2024 (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 shipbuilding contract with Jiangsu Yangzijiang Shipbuilding Group Co., Ltd., Jiangsu New Yangzi Shipbuilding Co., Ltd., and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., (collectively the "Seller") for the construction of a scru GlobeNewswire ? 5 months ago PSHG +0.49% Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-F ATHENS, Greece, March 28, 2024 (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 2023 Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (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 GlobeNewswire ? 6 months ago PSHG +0.49% Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day ATHENS, Greece, March 12, 2024 (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 separate wholly-owned subsidiaries, it has entered into time charter contracts with Clearlake Shipping Pte Ltd (the "Charterer") for the previously announced three newbuilding LNG-ready, scrubber-fitted, LR2 Aframax tanker vessels. Each employment will be for a firm period of GlobeNewswire ? 7 months ago PSHG +0.49% Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023 ATHENS, Greece, March 07, 2024 (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 $25.0 million and net income attributable to common stockholders of $24.5 million for the fourth quarter of 2023. The 2023 fourth quarter results compared to a net income of $23.8 million and net income attributable to common stockholders of $9.4 million for the same period in 2 GlobeNewswire ? 7 months ago PSHG +0.49% Performance Shipping Inc. Secures Two Year Time Charter Contract With Oil Major at US$37,200 Per Day ATHENS, Greece, Dec. 21, 2023 (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 time charter contract with Marathon Maritime Company (the “Charterer”), a wholly-owned subsidiary of Marathon Petroleum Corporation (NYSE: MPC), for the M/T P. Long Beach. The gross charter rate will be US$37,200 per day GlobeNewswire ? 10 months ago PSHG +0.49% MPC Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of 2 Newbuilding LNG-Ready Scrubber Fitted Tier III LR2 Tankers ATHENS, Greece, Dec. 20, 2023 (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 separate wholly-owned subsidiaries, it has signed two shipbuilding contracts with China Shipbuilding Trading Co. Ltd. (“CSTC”) and Shanghai Waigaoqiao Shipbuilding Co. Ltd. (“SWS”) for the construction of two 114,000 DWT LNG-ready LR2 Aframax product/crude oil tanker vessel GlobeNewswire ? 10 months ago PSHG +0.49% Performance Shipping Inc. Announces Full Prepayment of Piraeus Bank S.A. Loans and Significant Reduction of Finance Costs ATHENS, Greece, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announces the voluntary prepayment in full of its existing loans with Piraeus Bank S.A., (the “Piraeus Loans”). The voluntary prepayment amounts to approximately US$44.8 million. The Piraeus loans were secured by the M/T P. Monterey, M/T P. Yanbu and M/T P. Sophia. Following the full prepayment of the GlobeNewswire ? 10 months ago PSHG +0.49% Performance Shipping Inc. Announces Completion of Sale and Delivery of 2007 Built M/T P. Kikuma to New Owners ATHENS, Greece, Dec. 13, 2023 (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 completed the previously announced sale of the 2007-built Aframax tanker vessel M/T P. Kikuma for US$39.3 million, with delivery of the vessel to her new owners. Following the sale of the P. Kikuma, the Company’s fleet currently consis GlobeNewswire ? 10 months ago PSHG +0.49% Performance Shipping Inc. Issues 2022 Sustainability Report ATHENS, Greece, Dec. 11, 2023 (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 2022 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, which covers the full year 2022 and is developed wit GlobeNewswire ? 10 months ago PSHG +0.49% Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023 ATHENS, Greece, Nov. 27, 2023 (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 $10.4 million and net income attributable to common stockholders of $9.9 million for the third quarter of 2023. The 2023 third quarter results compared to a net income of $10.7 million and net income attributable to common stockholders of $10.4 million for the same period in 2022 GlobeNewswire ? 10 months ago PSHG +0.49% Performance Shipping Inc. Announces Filing of Amendment No. 2 to the Solicitation and Recommendation Statement on Schedule 14D-9 ATHENS, Greece, Nov. 15, 2023 (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 today with the Securities and Exchange Commission (the “SEC”) an Amendment No. 2 to the Solicitation/Recommendation Statement on Schedule 14D-9 filed by the Company with the SEC on October 25, 2023, as amended by Amendment No. 1 thereto filed by the Company with the SEC on Novemb GlobeNewswire ? 11 months ago PSHG +0.49% Performance Shipping Inc. Announces the Sale of 2007 Built M/T P. Kikuma for US$39.3 Million ATHENS, Greece, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell the 2007-built Aframax tanker vessel M/T P. Kikuma to an unaffiliated third party, for a gross sale price of US$39.3 million. Delivery to the buyer is scheduled for December 2023. The Company ex GlobeNewswire ? 11 months ago PSHG +0.49% Performance Overview Trailing total returns as of 10/25/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return PSHG S&P 500 YTD -8.81% +21.77% 1-Year +11.29% +36.74% 3-Year -97.48% +27.79%
