PSHG

Performance Shipping Inc. operates as an international shipping company that owns and operates tanker vessels. Headquartered in Athens, Greece, the company focuses on the seaborne transportation of refined petroleum products and other bulk liquid cargoes through its fleet of product tankers. Performance Shipping's fleet consists of Aframax tanker vessels that serve customers globally, transporting products including gasoline, diesel, jet fuel, and other petroleum-based commodities. The company employs a time charter strategy to generate revenue, securing multi-year contracts with established charterers to provide stable cash flows while maintaining exposure to the tanker market. As of recent reports, the company operates a fleet of five double-hull Aframax vessels, each with approximately 100,000 deadweight tonnage capacity. Performance Shipping has pursued a strategic fleet renewal program, acquiring newer, more fuel-efficient vessels while divesting older tonnage to optimize operational efficiency and comply with evolving environmental regulations. The company trades on the NASDAQ under the ticker symbol PSHG. Through its focused business model in the product tanker segment, Performance Shipping positions itself as a specialized operator in the global maritime transportation industry, serving the ongoing demand for refined petroleum product shipping across international trade routes.