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Performance Shipping ( (PSHG) ) has issued an update.
On July 31, 2025, Performance Shipping Inc. announced the successful naming and delivery of its first LR2 Aframax newbuilding, M/T P. Massport, at Shanghai Waigaoqiao Shipbuilding Co. Ltd. This vessel is the first of four newbuild tankers ordered by the company and has commenced operations under a five-year charter contract with Clearlake Shipping Pte Ltd. This delivery marks the beginning of a strategic fleet expansion for Performance Shipping, which aims to enhance its market position with modern, high-specification vessels.
The most recent analyst rating on (PSHG) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Performance Shipping stock, see the PSHG Stock Forecast page.
Spark’s Take on PSHG Stock
According to Spark, TipRanks’ AI Analyst, PSHG is a Neutral.
Performance Shipping’s strong profitability and solid balance sheet are significant strengths, but revenue decline and unclear cash flow data present risks. The stock appears undervalued, but technical indicators suggest limited momentum.
To see Spark’s full report on PSHG stock, click here.
More about Performance Shipping
Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. The company employs its fleet on spot voyages, through pool arrangements, and on time charters.
Average Trading Volume: 118,430
Technical Sentiment Signal: Sell
Current Market Cap: $22.75M
For a thorough assessment of PSHG stock, go to TipRanks’ Stock Analysis page.