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Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.

Performance Shipping Inc.

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's revenue

Revenue Growth

Assessment of recent increases in earnings per share, indicating profitability

EPS Growth

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ATHENS, GREECE, AUG. 05, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THE RELEASE OF ITS 2024 ESG REPORT (THE REPORT), HIGHLIGHTING HOW THE COMPANY ADDRESSES ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) ISSUES AS PART OF ITS ONGOING EFFORT TO INCREASE TRANSPARENCY AND ACCOUNTABILITY. THE REPORT, WHICH COVERS THE FULL YEAR 2024 AND IS DEVELOPED WITH REFERENCE TO THE GLOBAL REPORTING INITIATIVE UNIVERSAL STANDARDS 2021 (GRI'S), OUTLINES THE COMPANY'S EFFORTS TOWARD BUILDING STRONG CORPORATE GOVERNANCE AND OPERATING SUSTAINABLY AND RESPONSIBLY.

PERFORMANCE SHIPPING INC. ISSUES 2024 ESG REPORT

ATHENS, GREECE, JULY 31, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, IS PLEASED TO ANNOUNCE THE SUCCESSFUL NAMING AND DELIVERY OF ITS FIRST LR2 AFRAMAX NEWBUILDING, M/T P. MASSPORT, CONSTRUCTED AT SHANGHAI WAIGAOQIAO SHIPBUILDING CO. LTD. IN THE PEOPLE'S REPUBLIC OF CHINA. THE NAMING CEREMONY WAS HELD AT THE SHIPYARD, WITH MS. NICOLE GUMMERUS SERVING AS THE VESSEL'S GODMOTHER. IN LINE WITH MARITIME TRADITION, SHE BLESSED THE VESSEL AND WISHED HER CREW SAFE AND SUCCESSFUL VOYAGES.

PERFORMANCE SHIPPING INC. ANNOUNCES NAMING AND DELIVERY OF M/T P. MASSPORT, FIRST OF FOUR NEWBUILD TANKERS ON ORDER

ATHENS, GREECE, JULY 30, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY REPORTED NET INCOME OF $9.1 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $8.6 MILLION FOR THE SECOND QUARTER OF 2025. THESE RESULTS ARE COMPARED TO A NET INCOME OF $10.2 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $9.7 MILLION FOR THE SAME PERIOD IN 2024. EARNINGS PER SHARE, BASIC AND DILUTED, FOR THE SECOND QUARTER OF 2025 WERE $0.69 AND $0.23, RESPECTIVELY.

PERFORMANCE SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2025

ATHENS, GREECE, JULY 24, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS SIGNED AN AGREEMENT FOR THE REFINANCING OF ITS EXISTING LOAN FACILITY WITH ALPHA BANK S.A. (THE FACILITY) THROUGH TWO SEPARATE WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY. THIS FACILITY REFINANCES THE FULL OUTSTANDING LOAN BALANCE OF US$29,750,000 PREVIOUSLY SECURED BY THE M/T P. LONG BEACH AND THE M/T P. ALIKI. THIS AGREEMENT FOLLOWS THE ACCEPTANCE OF A COMMITMENT LETTER FROM ALPHA BANK, AS PREVIOUSLY ANNOUNCED ON JUNE 24, 2025.

PERFORMANCE SHIPPING INC. ANNOUNCES SIGNING OF REFINANCING AGREEMENT WITH ALPHA BANK S.A.

ATHENS, GREECE, JULY 02, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (PERFORMANCE SHIPPING OR THE COMPANY) ANNOUNCED TODAY THAT IT HAS SUCCESSFULLY PLACED USD 100 MILLION OF BONDS IN THE NORDIC BOND MARKET. AN APPLICATION WILL BE MADE FOR THE BONDS TO BE LISTED ON THE OSLO STOCK EXCHANGE. THE NEW BONDS ARE DUE TO MATURE IN JULY 2029 AND WILL PAY A FIXED COUPON OF 9.875% PER ANNUM, PAYABLE SEMI-ANNUALLY IN ARREARS AND WERE PRICED AT 97% OF PAR. THE BONDS ARE SECURED IN PART BY FIRST PRIORITY MORTGAGES OVER THE COMPANY'S TWO OLDEST TANKER VESSELS, WHICH ARE PRESENTLY UNENCUMBERED. THE OFFERING IS EXPECTED TO CLOSE ON JULY 17, 2025, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.

PERFORMANCE SHIPPING INC. ANNOUNCES SUCCESSFUL PLACEMENT OF $100 MILLION BOND OFFERING

ATHENS, GREECE, JUNE 24, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT IT HAS ACCEPTED A COMMITMENT LETTER WHEREBY IT INTENDS TO ENTER INTO AN AGREEMENT FOR A REFINANCING OF THE EXISTING LOAN OUTSTANDING OF US$29,750,000 WITH ALPHA BANK A.E. (THE FACILITY) THROUGH TWO SEPARATE WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY. THIS FACILITY IS SUBJECT TO THE COMPLETION OF CUSTOMARY CLOSING CONDITIONS AND THE EXECUTION OF A FINAL LOAN AGREEMENT BY THE COMPANY AND ITS LENDERS. PROCEEDS FROM THE FACILITY WILL BE USED TO REFINANCE IN FULL THE EXISTING INDEBTEDNESS MAINTAINED WITH ALPHA BANK AND SECURED BY THE M/T P. LONG BEACH AND THE M/T P. ALIKI. THIS FACILITY SHALL BEAR INTEREST AT THE RATE OF SOFR PLUS 1.90% PER ANNUM.

PERFORMANCE SHIPPING INC. ANNOUNCES ACCEPTANCE OF A SIGNED COMMITMENT LETTER FROM ALPHA BANK A.E. TO REFINANCE EXISTING FACILITIES

ATHENS, GREECE, JUNE 17, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY ANNOUNCED THAT, THROUGH A SEPARATE WHOLLY-OWNED SUBSIDIARY, IT HAS ENTERED INTO A LONG-TERM TIME CHARTER CONTRACT WITH MERCURIA ENERGY TRADING S.A. (MERCURIA OR THE CHARTERER), FOR ITS FOURTH NEWBUILDING, THE PREVIOUSLY ANNOUNCED LR1 TANKER SCHEDULED FOR DELIVERY IN EARLY 2027.

PERFORMANCE SHIPPING INC. SECURES LONG-TERM TIME CHARTER CONTRACT AT US$23,750 PER DAY WITH MERCURIA FOR LR1 NEWBUILDING TANKER

ATHENS, GREECE, JUNE 04, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (PERFORMANCE SHIPPING OR THE COMPANY), THROUGH ITS NORWEGIAN INVESTMENT BANKS, WILL ARRANGE A SERIES OF FIXED INCOME INVESTOR CALLS COMMENCING ON JUNE 6, 2025. A FIVE-YEAR USD DENOMINATED SENIOR UNSECURED BOND ISSUE MAY FOLLOW, SUBJECT TO INTER ALIA MARKET CONDITIONS.

PERFORMANCE SHIPPING INC. ANNOUNCES FIXED INCOME INVESTOR MEETINGS

ATHENS, GREECE, MAY 27, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG) (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, TODAY REPORTED NET INCOME OF $29.4 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $29.0 MILLION FOR THE FIRST QUARTER OF 2025. THESE RESULTS ARE COMPARED TO A NET INCOME OF $11.4 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $11.0 MILLION FOR THE SAME PERIOD IN 2024. EARNINGS PER SHARE, BASIC AND DILUTED, FOR THE FIRST QUARTER OF 2025 WERE $2.33 AND $0.76, RESPECTIVELY.

PERFORMANCE SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025

ATHENS, GREECE, APRIL 16, 2025 (GLOBE NEWSWIRE) -- PERFORMANCE SHIPPING INC. (NASDAQ: PSHG), (WE OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP OF TANKER VESSELS, ANNOUNCED THAT IT HAS FILED ITS 2024 ANNUAL REPORT ON FORM 20-F FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 (THE ANNUAL REPORT), WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE SEC). THE ANNUAL REPORT, WHICH CONTAINS THE COMPANY'S AUDITED CONSOLIDATED FINANCIAL STATEMENTS, CAN BE ACCESSED THROUGH THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV AS WELL AS THROUGH THE COMPANY'S WEBSITE AT HTTP://WWW.PSHIPPING.COM . UPON REQUEST, WE WILL PROVIDE ANY SHAREHOLDER WITH A HARD COPY OF THE ANNUAL REPORT FREEOFCHARGE.

Performance Shipping Inc.

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Performance Shipping Inc.

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