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Performance Shipping ( (PSHG) ) just unveiled an update.
On January 14, 2026, Performance Shipping Inc. announced the naming and delivery of the M/T P. Marseille, a 114,000 DWT LNG‑ready Tier III product/crude oil tanker built at Shanghai Waigaoqiao Shipbuilding in China, marking the third and final LR2 vessel in its current newbuilding program. The vessel, which follows the earlier deliveries of the M/T P. Massport and M/T P. Tokyo, was immediately delivered to Clearlake Shipping Pte Ltd under a five‑year time charter with extension options, strengthening Performance Shipping’s fleet renewal strategy, enhancing its operational efficiency and environmental profile, and providing greater revenue visibility, while one LR1 chemical/product tanker remains under construction for delivery in early 2027.
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 is supported by strong valuation metrics and positive technical indicators. However, financial performance is mixed due to 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., based in Athens, Greece, is a global provider of shipping transportation services through its ownership of tanker vessels. The company operates its fleet on spot voyages, through pool arrangements and under time charter contracts, focusing on the transport of crude and refined oil products.
Average Trading Volume: 135,736
Technical Sentiment Signal: Hold
Current Market Cap: $24.99M
For an in-depth examination of PSHG stock, go to TipRanks’ Overview page.