Performance Shipping (PSHG)
Owner and operator of crude-oil and product tankers.
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Generates charter income by owning tanker vessels that carry crude oil and refined products for global oil, trading, and tanker-management customers. Its small fleet is shifting toward contracted, fixed-rate employment while newbuild orders add product and Suezmax capacity.
Owns Aframax/LR2 and Suezmax tankers that carry crude oil and refined products for oil companies, commodity traders, and tanker managers worldwide. Vessels sit in separate wholly owned subsidiaries and generate charter hire through time charters, pools, and spot voyages.
Operates a small fleet with high fixed-charter coverage, renewing and expanding it through acquisitions, newbuilding orders, and sales of older ships. Its planned LR1 product/chemical tanker and future Suezmax tankers extend the fleet across adjacent product and crude-oil markets, with time charters arranged from delivery.
Depends on tanker rates and oil-trade patterns when charters renew, as well as financing, crews, vessel availability, and maritime safety, emissions, and pollution rules. Chairperson Aliki Paliou can determine shareholder votes through Series C preferred shares.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $105.9M · Total debt $310.0M · Total assets $674.8M · Shareholders' equity $343.4M
- Revenue
- $34.7M
- Operating income
- $17.1M
- Net income
- $11.9M
No dividends on record.
| Insiders2 holders · as of Apr 1, 2026 | 0.01% | 840 ADS | |
| Otherremainder | 99.99% | 12.43M ADS |
12.43M ADS as of Aug 21, 2026 · holders as of their latest filing
The share count is from the company's Dec 2023 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Andreas Nikolaos MichalopoulosInsiderdirector, officer: CEO and Secretary | 0.00% | 420 ordinary | Form 4filed Apr 1, 2026 ↗ |
Aliki PaliouInsiderdirector | 0.00% | 420 ordinary | Form 4filed Apr 1, 2026 ↗ |
Anastasios MargaronisInsider | —5.04% of class, as filed | — | 13Gfiled Jul 2, 2020 ↗ |
Cable Car Capital LLCInstitution | —9.99% of class, as filed | — | 13Gfiled Mar 10, 2023 ↗ |
Discovery, LPInstitution | —5.02% of class, as filed | — | 13Gfiled Dec 18, 2017 ↗ |
| See all 16 → | |||
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
- Frontline
Global scale across the same LR2/Aframax and Suezmax charter trades.
- Scorpio Tankers
Large LR2 product-tanker operator contesting product cargoes and charter demand.
- Teekay Tankers
Direct scale rival across Aframax/LR2 and Suezmax tanker employment.
- International Seaways
Balanced tanker operator overlapping in Aframax/LR2, Suezmax, and LR1.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Performance Shipping | $1.74 | +1.16% | $21.6M | 2.0 | 1.9 | 0.2 | +91.0% |
| Frontline | $45.58 | +0.34% | $10.11B | 6.8 | 6.8 | 3.7 | +56.9% |
| Scorpio Tankers | $81.73 | +0.38% | $4.08B | 5.1 | 12.0 | 3.4 | +70.2% |
| Teekay Tankers | $92.47 | +1.83% | $3.14B | 5.3 | 6.5 | 2.7 | +10.9% |
| International Seaways | $101.19 | −0.05% | $5.01B | 6.5 | 10.8 | 4.0 | +121.9% |
| Median | 5.9 | 8.8 | 3.5 | +63.5% |