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DCIX - Performance Shipping - Cheap Aframax Tanker Play But Not A Buy Yet
Diana Containerships Inc.
Note:
I have covered Performance Shipping (NASDAQ:DCIX) previously, so investors should view this as an update to myearlier articleson the company.
A lot has happened since my last update on emerging Aframax tanker play Performance Shipping in November:
After taking delivery of its second ("Briolette") and third ("P. Fos") Aframax tankers in November 2019 and January 2020 respectively, the company recently announced the acquisition of an additional Aframax tanker:
Performance Shipping Inc. (...) today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of