Company Profile


Performance Shipping(PSHG:NASDAQ)

Performance Shipping (NASDAQ:PSHG)

Stock data as of
5.32


Last: 5
Change: 5.01(1618320600%)
Vol: 42300
Open: Tue April 13, 2021 1:30 PM
Low: 0
High: -0.0099999999999998
Mkt: 28.20913


About Performance Shipping

Performance Shipping, Inc. engages in the provision of shipping transportation services through its ownership of containerships. The company is headquartered in Athina, Attiki and currently employs 112 full-time employees. The company went IPO on 2011-01-01. The company owns containerships and focuses on providing sourcing opportunities for vessel purchases and sales, newbuilding acquisitions, chartering and financing arrangements. The Company’s vessels are employed primarily on charters with liner companies carrying containerized cargo along worldwide shipping routes. The firm owns and operates vessels such as Panamax container vessel and Aframax tanker vessel. The Company’s fleet is managed by Unitized Ocean Transport Limited, a wholly owned subsidiary. The firm's customers include national, regional and international companies.

Recent News

Performance Shipping Inc. Announces Initiation of Analyst Coverage by H.C. Wainwright & Co.

Tue, 30 Mar 2021 09:24:00 -0400 - ATHENS, Greece, March 30, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that H.C. Wainwright & Co. has initiated analyst coverage of the Company with a “Buy” rating and US$11.00 price target.

Performance Shipping Inc. Announces Filing of 2020 Annual Report on Form 20-F

Fri, 05 Mar 2021 09:45:00 -0500 - ATHENS, Greece, March 05, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has filed its 2020 Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The Annual Report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as through the Company's website at http://www.pshipping.com.

Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020

Fri, 05 Mar 2021 09:25:00 -0500 - ATHENS, Greece, March 05, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.5 million for the fourth quarter of 2020, compared to a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $12.2 million for the same period in 2019. Loss per share for the fourth quarter of 2020 was $0.51, while loss per share for the fourth quarter of 2019 was $3.17.

Performance Shipping Inc. Announces Results of 2021 Annual Meeting of Shareholders

Wed, 03 Mar 2021 09:01:00 -0500 - ATHENS, Greece, March 03, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that the Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on February 25, 2021, in a virtual format only via the Internet, pursuant to a Notice of Annual Meeting of Shareholders dated January 15, 2021. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Performance Shipping Inc. Announces the Date for its 2021 Annual General Meeting of Shareholders and Adoption of Amended and Restated Equity Incentive Plan

Wed, 30 Dec 2020 06:30:00 -0500 - ATHENS, Greece, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, announced today that the Company will hold its 2021 Annual General Meeting of Shareholders (the “Meeting”) on February 25, 2021 in virtual format. Shareholders and their proxy representatives will not be able to attend the Meeting physically. Additional details confirming how shares may be voted before or during the Meeting, as well as the time of the virtual Meeting and how to access it as a shareholder, will be included in the Company's proxy statement to be separately provided to shareholders. Whether or not shareholders plan to attend the Meeting virtually, shareholders of record of the Company's common shares are encouraged to vote and submit their proxy in advance of the Meeting. The Board of Directors (the “Board”) has set a record date of January 6, 2021.

Performance Shipping Inc. Announces Delivery of Its Fifth Aframax Tanker, M/T P. Yanbu

Tue, 15 Dec 2020 08:59:00 -0500 - ATHENS, Greece, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that in Manila, Philippines, it has taken delivery of the M/T P. Yanbu (formerly “Kalamas”), a 2011-built 105,400 dwt Aframax tanker that the Company entered into an agreement to purchase in November 2020, through a separate wholly-owned subsidiary. The vessel has been retrofitted with a ballast water treatment system (BWTS), has completed its dry dock survey in July 2020, and its special survey in October 2020, and will be employed in the spot market.

Performance Shipping Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement

Wed, 18 Nov 2020 09:02:00 -0500 - ATHENS, Greece, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that as a result of the closing bid price of the Company's common shares having been at $1.00 per share or greater for at least ten consecutive business days, from November 2, 2020 through November 13, 2020, the Company has regained compliance with Nasdaq's Listing Rule 5550(a)(2), and the matter is now closed.

Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

Mon, 16 Nov 2020 09:22:00 -0500 - ATHENS, Greece, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income and net income attributable to common stockholders of $0.4 million for the third quarter of 2020, compared to a net loss and net loss attributable to common stockholders of $18.1 million for the same period in 2019. Earnings per common share, basic and diluted, for the third quarter of 2020 were $0.08, while loss per share for the third quarter of 2019 was $5.58.

CORRECTING and REPLACING -- Performance Shipping Inc. Announces Agreement to Acquire Fifth Aframax Tanker

Wed, 11 Nov 2020 09:29:00 -0500 - ATHENS, Greece, Nov. 11, 2020 (GLOBE NEWSWIRE) -- In the release issued today by Performance Shipping Inc. (NASDAQ: PSHG), we were informed by the client the ticker symbol should be PSHG and not DCIX. The corrected text follows.

Performance Shipping Inc. Announces Agreement to Acquire Fifth Aframax Tanker

Wed, 11 Nov 2020 08:52:00 -0500 - ATHENS, Greece, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the M/T Kalamas, a 105,400 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd, Japan, from an unaffiliated third party seller for a total purchase price of US$22.0 million. The vessel, the Company's fifth Aframax tanker, is expected to be delivered between November 15 and December 22, 2020, and will be renamed M/T P. Yanbu.

Source:StockNews