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Performance Shipping ( (PSHG) ) has provided an announcement.
Performance Shipping Inc. has secured a 21-month time charter contract with American Eagle Tankers for its Aframax tanker, M/T Blue Moon at a rate of US$28,000 per day, generating an estimated US$17.4 million in gross revenue. This agreement highlights the company’s strategic partnerships and strengthens its revenue backlog, positioning it to navigate market volatility while reinforcing its commitment to long-term value creation.
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.
YTD Price Performance: -18.06%
Average Trading Volume: 61,070
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $23.12M
For an in-depth examination of PSHG stock, go to TipRanks’ Stock Analysis page.