PSHG News and Press, Performance Shipping Inc. From 09/30/22

Performance Shipping ( NASDAQ: PSHG ) said Friday it will acquire the M/T Phoenix Beacon, a 105,525 dwt Aframax tanker vessel built by Hyundai Heavy Industries, from an unaffiliated third party for $35M. The vessel is fitted with a ballast water treatment system and its ne...

ATHENS, Greece, Sept. 30, 2022 (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 it has signed, through a separate wholly-owned su...

Summary While my negative perception of the company hasn't changed, the common shares might present a decent trading opportunity ahead of anticipated strong Q3 results. Outlining expectations for revenues to almost double and EBITDA to triple quarter-over-quarter as a result of on...

Performance Shipping ( NASDAQ: PSHG ) said Thursday it entered into a time charter contract with Trafigura Maritime Logistics for the LR2 Aframax oil product tanker the M/T Alpine Amalia, to be renamed P. Aliki. The gross charter rate will be $45K per day for a mi...

ATHENS, Greece, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has ente...

ATHENS, Greece, Sept. 19, 2022 (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 it has accepted a commitment letter whereby it in...

Summary Recent geopolitical events have changed product tanker dynamics materially with the healthy charter rate environment now widely expected to persist well into 2023 and potentially longer. Robust chartering outlook in combination with soaring costs for newbuildings has resul...

Summary Small, Greece-based tanker operator continues to grow the company to the detriment of common shareholders. Discussing ugly terms of the most recent equity offerings and updating net asset value estimates. Company has used the offering proceeds to acquire two additional...

Performance Shipping ( NASDAQ: PSHG ) will acquire its first LR2 Aframax oil product tanker from an unaffiliated third party for a gross purchase price of US$36.5M, the shipping company announced on Wednesday . The company signed a memorandum of agreement to acquire 105,30...

ATHENS, Greece, Aug. 24, 2022 (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 it has signed, through a separate wholly-owned sub...