Performance Shipping inks $27.5M charter with Trafigura
Ticker: PSHG · Form: 6-K · Filed: Jun 6, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-contract, shipping, revenue
Related Tickers: TRFG
TL;DR
PERF lands $27.5M charter for M/T P. Aliki with Trafigura, starting June 10.
AI Summary
Performance Shipping Inc. announced on June 6, 2024, that it has secured a charter contract for its LR2 Aframax tanker, the M/T P. Aliki, with Trafigura. The contract is for a period of approximately 11 to 13 months, commencing on June 10, 2024, and is expected to generate gross revenue of approximately $27.5 million.
Why It Matters
This new charter provides significant revenue visibility for Performance Shipping and demonstrates continued demand for Aframax tankers in the current market.
Risk Assessment
Risk Level: medium — The company relies on charter contracts for revenue, and the shipping market can be volatile.
Key Numbers
- $27.5M — Gross Revenue (Expected from Trafigura charter)
- 11-13 months — Charter Duration (For M/T P. Aliki with Trafigura)
Key Players & Entities
- Performance Shipping Inc. (company) — Registrant
- Trafigura (company) — Charterer
- M/T P. Aliki (company) — Vessel
- June 6, 2024 (date) — Announcement Date
- June 10, 2024 (date) — Charter Start Date
- $27.5 million (dollar_amount) — Gross Revenue
FAQ
What is the name of the vessel chartered to Trafigura?
The vessel chartered to Trafigura is the LR2 Aframax tanker, M/T P. Aliki.
Who is the charterer for the M/T P. Aliki?
The charterer for the M/T P. Aliki is Trafigura.
When does the charter contract for the M/T P. Aliki commence?
The charter contract commences on June 10, 2024.
What is the expected duration of the charter contract?
The charter contract is for a period of approximately 11 to 13 months.
What is the estimated gross revenue from this charter contract?
The estimated gross revenue from this charter contract is approximately $27.5 million.
Filing Stats: 284 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2024-06-06 16:15:21
Filing Documents
- ef20030735_6k.htm (6-K) — 8KB
- ef20030735_ex99-1.htm (EX-99.1) — 11KB
- 0001140361-24-029125.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 6, 2024 /s/ Andreas Michalopoulos By: Andreas Michalopoulos Chief Executive Officer