Performance Shipping Inc. delivers global maritime transportation solutions through its subsidiaries, primarily by owning and operating a fleet of tanker vessels. The company currently possesses five Aframax tanker vessels, which collectively offer a significant carrying capacity of 546,094 deadweight tons (dwt). Established in 2010, its headquarters are located in Athens, Greece.
Performance Shipping Inc. Reports Financial Results For The Second Quarter and Six Months Ended June 30, 2026
Performance Shipping reported Q2 2026 revenue of $34.7 million, up from $18.1 million in the prior year, with net income rising to $11.9 million.
The company extended time charters for the M/T Briolette and M/T Blue Moon, pushing its contracted revenue backlog above $500 million with an average remaining duration of 3.4 years.
Balance sheet strength is underscored by $106 million in cash and liquidity, with no debt maturities before mid-2029 following recent bond amendments.