Performance Shipping Lands $28k/day Charter for Aframax Tanker
Ticker: PSHG · Form: 6-K · Filed: Dec 18, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $28,000 |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-contract, shipping, revenue
TL;DR
Performance Shipping just locked in a 21-month charter for the M/T Blue Moon at $28k/day. Solid revenue incoming.
AI Summary
Performance Shipping Inc. announced on December 18, 2024, that it has secured a 21-month time charter contract for its Aframax tanker, the M/T Blue Moon. The contract is valued at US$28,000 per day.
Why It Matters
This new charter provides a stable revenue stream for Performance Shipping Inc. over the next 21 months, enhancing its financial predictability.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report announcing a new charter contract, which is generally positive news with low immediate risk.
Key Numbers
- 21-month — Charter Duration (The length of the time charter contract for the M/T Blue Moon.)
- US$28,000 — Daily Charter Rate (The revenue Performance Shipping Inc. will earn per day for the M/T Blue Moon.)
Key Players & Entities
- Performance Shipping Inc. (company) — The company filing the report and announcing the charter.
- M/T Blue Moon (company) — The Aframax tanker secured by the time charter contract.
- US$28,000 (dollar_amount) — The daily rate for the time charter contract.
- December 18, 2024 (date) — The date of the press release announcing the charter.
- Diana Containerships Inc. (company) — Former name of Performance Shipping Inc.
FAQ
What is the duration of the time charter contract for the M/T Blue Moon?
The time charter contract for the M/T Blue Moon is for 21 months.
What is the daily rate Performance Shipping Inc. will receive for the M/T Blue Moon?
Performance Shipping Inc. will receive US$28,000 per day for the M/T Blue Moon.
What type of vessel is the M/T Blue Moon?
The M/T Blue Moon is an Aframax tanker.
On what date was the press release announcing this charter issued?
The press release was issued on December 18, 2024.
What was the former name of Performance Shipping Inc.?
The former name of Performance Shipping Inc. was Diana Containerships Inc.
Filing Stats: 290 words · 1 min read · ~1 pages · Grade level 10.9 · Accepted 2024-12-18 09:30:58
Key Financial Figures
- $28,000 — res 21-Month Time Charter Contract at US$28,000 Per Day for Aframax Tanker, M/T Blue Mo
Filing Documents
- ef20040296_6k.htm (6-K) — 7KB
- ef20040296_ex99-1.htm (EX-99.1) — 12KB
- 0001140361-24-049770.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: December 18, 2024 /s/ Andreas Michalopoulos By: Andreas Michalopoulos Chief Executive Officer