Performance Shipping Extends Charter for M/T P. Monterey
Ticker: PSHG · Form: 6-K · Filed: Jan 22, 2025 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | 6-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $28,000 |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-extension, shipping, revenue
TL;DR
Performance Shipping locked in $28k/day for M/T P. Monterey for another year.
AI Summary
Performance Shipping Inc. announced on January 22, 2025, that it has extended the time charter for its vessel, the M/T P. Monterey. The extension is for twelve months and will generate a daily rate of US$28,000.
Why It Matters
This extension provides Performance Shipping Inc. with a stable revenue stream for the M/T P. Monterey at a significant daily rate, contributing to its financial predictability.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report announcing a standard charter extension with a fixed daily rate, indicating operational stability.
Key Numbers
- US$28,000 — Daily Charter Rate (Secured revenue for M/T P. Monterey)
- 12 months — Charter Extension Period (Duration of the secured revenue stream)
Key Players & Entities
- Performance Shipping Inc. (company) — Registrant
- M/T P. Monterey (company) — Vessel
- US$28,000 (dollar_amount) — Daily charter rate
- January 22, 2025 (date) — Announcement date
FAQ
What is the name of the vessel whose time charter has been extended?
The vessel is the M/T P. Monterey.
What is the daily rate for the extended time charter?
The daily rate is US$28,000.
For how long has the time charter been extended?
The time charter has been extended for twelve months.
What is the filing date of this report?
The filing date is January 22, 2025.
What type of filing is this?
This is a Form 6-K report.
Filing Stats: 289 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2025-01-22 14:50:34
Key Financial Figures
- $28,000 — s Time Charter for M/T P. Monterey at US$28,000 Per Day for Twelve Months." The infor
Filing Documents
- ef20041978_6k.htm (6-K) — 7KB
- ef20041978_ex99-1.htm (EX-99.1) — 11KB
- 0001140361-25-001591.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: January 22, 2025 /s/ Andreas Michalopoulos By: Andreas Michalopoulos Chief Executive Officer