Performance Shipping (PSHG) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Performance Shipping Inc. has secured a lucrative charter contract with Aramco for their Aframax tanker vessel M/T Briolette, locking in a daily rate of $41,000 over 24 months, with the deal expected to generate approximately $28.7 million. The new contract commences directly after the previous agreement, boasting a $8,500 daily rate increase, reflecting the company’s ongoing commitment to providing high-quality maritime transport services. Performance Shipping Inc. underscores its robust contract backlog and anticipates favorable charter rates for the future based on current market conditions.
For further insights into PSHG stock, check out TipRanks’ Stock Analysis page.