About PSHG

Founded: 2010
Employees: 292
CEO: Andreas Michalopoulos
WebsiteView website: www.pshipping.com

Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2025, it operated through a fleet of nine Aframax tanker vessels and two Suezmax tanker vessels with a combined carrying capacity of 1,287,118 DWT. The company was incorporated in 2010 and is based in Athens, Greece.

Recent PSHG News & Updates

New Risk • May 27

New major risk - Financial position

The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (30% net profit margin). Market cap is less than US$100m (US$20.5m market cap).

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About PSHG

Recent PSHG News & Updates

New major risk - Financial position

There Are Some Holes In Performance Shipping's (NASDAQ:PSHG) Solid Earnings Release

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