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Performance Shipping ( (PSHG) ) has shared an announcement.
On September 2, 2025, Performance Shipping Inc. announced the successful naming and delivery of the M/T P. Tokyo, a 114,000 DWT LNG-ready Tier III product/crude oil tanker, marking the second vessel in its newbuilding program. This delivery is part of the company’s fleet expansion and renewal strategy, with the vessel commencing operations under a five-year charter contract with Clearlake Shipping Pte Ltd at a rate of US$31,000 per day, enhancing Performance Shipping’s industry positioning and operational capacity.
The most recent analyst rating on (PSHG) stock is a Buy with a $2.50 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 Outperform.
Performance Shipping’s stock score is driven primarily by its strong valuation, indicating it is undervalued, and positive technical indicators suggesting upward momentum. However, financial performance is hindered by revenue decline and unclear cash flow data, which slightly dampens the overall score.
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: 135,152
Technical Sentiment Signal: Hold
Current Market Cap: $23.5M
For an in-depth examination of PSHG stock, go to TipRanks’ Overview page.