PSHG - Performance Shipping - Well-Timed Foray Into Aframax Tankers Turns Out To Be A Major Winner
Note:
I have covered Performance Shipping (NASDAQ:PSHG - formerly DCIX) previously, so investors should view this as an update to my earlier articles on the company.
Two months ago, I provided an update on Performance Shipping, a small Greece-based company currently transforming from a boxship operator into an Aframax tanker pure play.
Photo: Recently acquired Aframax tanker "Virgo Sun" (now renamed "P. Fos") spotted at Trieste, Italy in late August 2019 - Source: MarineTraffic.com
Over the past couple of quarters, Performance Shipping has acquired four second-hand Aframax tankers while at the same time