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Performance Shipping ( (PSHG) ) has provided an announcement.
On January 22, 2025, Performance Shipping Inc. announced the extension of a time charter contract with ST Shipping & Transport Pte Ltd. for the Aframax tanker vessel, M/T P. Monterey. The charter, which commenced in mid-January, offers a gross rate of US$28,000 per day for twelve months, generating approximately US$9.38 million in revenue for the minimum duration. This move reflects the company’s strong partnerships and bolsters its secured revenue backlog to approximately US$62 million. The fleet now includes six vessels on time charters and one operating in the spot market, with expectations of two more vessel redeliveries soon.
More about Performance Shipping
Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. The company operates its fleet on spot voyages, through pool arrangements, and on time charters.
YTD Price Performance: -5.26%
Average Trading Volume: 65,499
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.38M
See more data about PSHG stock on TipRanks’ Stock Analysis page.
