Performance Shipping Inc. Extends Time Charter for M/T P. Monterey at US$28,000 Per Day for Twelve Months
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Jan. 22, 2025 (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, through a separate wholly-owned subsidiary, it has extended the time charter contract with ST Shipping & Transport Pte Ltd., a wholly-owned subsidiary of Glencore (“ST” or the “Charterer”), for the 2011-built, 105,525 dwt Aframax tanker vessel, M/T P. Monterey. The gross charter rate will be US$28,000 per day for a period of twelve months +/- 30 days at the option of the Charterer. This charter commenced in mid-January and will generate approximately US$9.38 million of gross revenue for the minimum duration of the charter. Commenting on this charter, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “We are pleased to announce the direct continuation of the previous time charter contract with ST, a testament to our strong, long-standing partnerships a
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News
- Performance Shipping (NASDAQ:PSHG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel AirGlobeNewswire
- Performance Shipping (NASDAQ:PSHG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Performance Shipping Inc. Provides Update on Potential Forward Sale Agreement for M/T P. Sophia [Yahoo! Finance]Yahoo! Finance
PSHG
Sec Filings
- 12/17/25 - Form 6-K
- 12/5/25 - Form 6-K
- 12/4/25 - Form 6-K
- PSHG's page on the SEC website