Performance Shipping Lands Aramco Charter at $41k/day
Ticker: PSHG · Form: 6-K · Filed: Jun 5, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $41,000 |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-contract, shipping, energy
TL;DR
PERF inks 2-year Aramco deal for $41k/day on P. Stella!
AI Summary
Performance Shipping Inc. announced on June 5, 2024, that it has secured a charter contract with Aramco for its vessel, the "P. Stella". The contract is for approximately 24 months and will generate daily revenue of US$41,000.
Why It Matters
This significant charter contract with a major energy company like Aramco provides Performance Shipping with substantial, long-term revenue visibility and strengthens its market position.
Risk Assessment
Risk Level: medium — While the contract is positive, the company's performance is still subject to the volatility of the shipping market and the counterparty risk associated with Aramco.
Key Numbers
- US$41,000 — Daily Charter Rate (Revenue generated per day from the Aramco contract.)
- 24 months — Charter Duration (Length of the contract with Aramco.)
Key Players & Entities
- Performance Shipping Inc. (company) — Registrant
- Aramco (company) — Charterer
- P. Stella (company) — Vessel
- US$41,000 (dollar_amount) — Daily charter rate
- June 5, 2024 (date) — Press release date
FAQ
What is the name of the vessel chartered to Aramco?
The vessel chartered to Aramco is named "P. Stella".
What is the duration of the charter contract with Aramco?
The charter contract with Aramco is for approximately 24 months.
What is the daily rate Performance Shipping Inc. will receive from Aramco?
Performance Shipping Inc. will receive US$41,000 per day from Aramco.
What is the filing date of this Form 6-K?
This Form 6-K was filed on June 5, 2024.
What is the previous name of Performance Shipping Inc.?
The previous name of Performance Shipping Inc. was Diana Containerships Inc.
Filing Stats: 285 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2024-06-05 16:15:11
Key Financial Figures
- $41,000 — ct With Aramco for About 24 Months at US$41,000 Per Day." The information contained in
Filing Documents
- ef20030663_6k.htm (6-K) — 8KB
- ef20030663_ex99-1.htm (EX-99.1) — 11KB
- 0001140361-24-029011.txt ( ) — 20KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. PERFORMANCE SHIPPING INC. (Registrant) Dated: June 5, 2024 /s/ Andreas Michalopoulos By: Andreas Michalopoulos Chief Executive Officer