Performance Shipping Inc. Overview
Pro stress-test →Performance Shipping Inc. is a global shipping company specializing in the ownership of tanker vessels. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company is actively expanding its fleet through strategic newbuilding investments.
Strategic Profile
Pro stress-test →The management team's experience, expertise and reputation within the international shipping industry enhances shareholder value through sourcing opportunities for vessel purchases and sales, newbuilding acquisitions, chartering and financing arrangements. The company's mission is to provide safe and environmentally responsible seaborne transportation of crude oil products around the world.
Competitive Landscape
Pro stress-test →Performance Shipping competes within the global tanker shipping sector against diversified players like Euroseas Ltd., EuroDry Ltd., OceanPal Inc., and StealthGas Inc. The company differentiates through its management expertise and focus on modern vessel acquisition and financing arrangements, though scale remains limited compared to larger shipping companies.
Industry Context
Performance Shipping Inc. operates in Marine Shipping - Tanker Vessels.
Key facts
Founded: 2010 · Headquarters: Athens, Greece · Employees: 211 · Revenue: $84M · Market cap: $26.5M