Performance Shipping Lands $33.5K/Day Charter for Tanker
Ticker: PSHG · Form: 6-K · Filed: Dec 3, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $33,500 |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-contract, shipping, revenue
TL;DR
Performance Shipping just inked a deal for their tanker M/T P. Aliki at $33.5K/day. Good news for the bottom line.
AI Summary
Performance Shipping Inc. announced on December 3, 2024, that it has secured a time charter contract for its LR2 Aframax tanker, the M/T P. Aliki, with an unnamed oil major. The contract is set to generate $33,500 per day in revenue.
Why It Matters
This new charter agreement provides a significant daily revenue stream for Performance Shipping Inc., contributing to its financial performance in the volatile shipping market.
Risk Assessment
Risk Level: medium — The shipping industry is subject to significant market volatility, and reliance on charter contracts with oil majors, while generally stable, carries inherent risks.
Key Numbers
- $33,500 — Daily Charter Rate (Revenue generated per day for the M/T P. Aliki)
Key Players & Entities
- Performance Shipping Inc. (company) — Registrant
- M/T P. Aliki (company) — LR2 Aframax tanker
- December 3, 2024 (date) — Announcement date
- $33,500 (dollar_amount) — Daily charter rate
FAQ
What is the duration of the time charter contract for the M/T P. Aliki?
The filing does not specify the duration of the time charter contract.
Who is the unnamed oil major that Performance Shipping Inc. contracted with?
The filing does not disclose the identity of the oil major.
What is the specific type of cargo the M/T P. Aliki will be transporting?
While the tanker is an LR2 Aframax, the filing does not specify the exact type of cargo it will transport under this charter.
When does the time charter contract for the M/T P. Aliki commence?
The filing does not state the commencement date of the charter contract.
What is the previous name of Performance Shipping Inc.?
The previous name of Performance Shipping Inc. was Diana Containerships Inc.
Filing Stats: 292 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2024-12-03 09:29:11
Key Financial Figures
- $33,500 — me Charter Contract With Oil Major At US$33,500 Per Day For LR2 Aframax Tanker, M/T P.
Filing Documents
- ef20039454_6k.htm (6-K) — 8KB
- ef20039454_ex99-1.htm (EX-99.1) — 11KB
- 0001140361-24-048250.txt ( ) — 21KB
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: December 3, 2024 /s/ Andreas Michalopoulos By: Andreas Michalopoulos Chief Executive Officer