Performance Shipping Inc.

Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. Headquartered in Athens, Greece, the company's core mission involves enhancing shareholder value through strategic vessel acquisitions, sales, newbuilding projects, and effective chartering and financing arrangements. The company emphasizes transparency, ethical conduct, and teamwork across its operations.

The company's fleet comprises various tanker types, including Aframax, LR2, Suezmax, and LR1 chemical/product tankers. Performance Shipping Inc. employs its vessels through a combination of spot voyages, pool arrangements, and time charters, catering to the deep sea freight transportation industry. Its strategy focuses on fleet expansion and renewal, prioritizing younger, eco-designed, and fuel-efficient vessels.

Under the leadership of CEO Andreas Michalopoulos, Performance Shipping Inc. has actively pursued fleet modernization and growth. Recent notable activities include the acquisition of new Suezmax and LR2 product/crude oil tankers, alongside securing long-term time charter contracts for its newbuilding vessels, which are expected to commence upon delivery. The company reported a net income of $50.0 million on revenues of $84.2 million for the full year ended December 31, 2025.