Performance Shipping Secures Lucrative 21-Month Charter for Aframax Tanker

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Performance Shipping ( (PSHG) ) has provided an announcement.

Performance Shipping Inc. has secured a 21-month time charter contract with American Eagle Tankers for its Aframax tanker, M/T Blue Moon at a rate of US$28,000 per day, generating an estimated US$17.4 million in gross revenue. This agreement highlights the company’s strategic partnerships and strengthens its revenue backlog, positioning it to navigate market volatility while reinforcing its commitment to long-term value creation.

More about Performance Shipping

Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. The company employs its fleet on spot voyages, through pool arrangements, and on time charters.

YTD Price Performance: -18.06%

Average Trading Volume: 61,070

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $23.12M

For an in-depth examination of PSHG stock, go to TipRanks’ Stock Analysis page.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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