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Performance Shipping Secures Lucrative Charter for M/T P. Aliki

Story Highlights
  • Performance Shipping Inc. announced a new time charter contract for its M/T P. Aliki tanker.
  • The contract increases the company’s secured revenue backlog by approximately US$10.5 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Performance Shipping Secures Lucrative Charter for M/T P. Aliki

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The latest announcement is out from Performance Shipping ( (PSHG) ).

On August 18, 2025, Performance Shipping Inc. announced a new time charter contract with Pakistan National Shipping Corporation for its M/T P. Aliki tanker. The vessel will be chartered for 12 months at a daily rate of US$30,000, increasing the company’s secured revenue backlog by approximately US$10.5 million. This contract highlights Performance Shipping’s strategic efforts to secure profitable employment for its vessels, enhancing revenue visibility and shareholder value.

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: 117,709

Technical Sentiment Signal: Sell

Current Market Cap: $23.12M

See more insights into PSHG stock on TipRanks’ Stock Analysis page.

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