Performance Shipping

Performance Shipping, Inc. engages in the provision of shipping transportation services through its ownership of containerships. Its vessels are employed on time charters with liner companies carrying containerized cargo along worldwide shipping routes. The firm operates through the following segments: Tankers Vessels and Containers Vessels. Its fleet includes the following vessels: Sagitta, CEntaurus, New Jersey, Pamina, Domingo, Puelo, Pucon, March, Great, Hamburg, and Rotterdam. The company was founded on January 7, 2010 and is headquartered in Athens, Greece.

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ATHENS, Greece, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, announced today that the Company will hold its 2021 Annual General Meeting of Shareholders (the “Meeting”) on February 25, 2021 in virtual format. Shareholders and their proxy representatives will not be able to attend the Meeting physically. Additional details confirming how shares may be voted before or during the Meeting, as well as the time of the virtual Meeting and how to access it as a shareholder, will be included in the Company's proxy statement to be separately provided to shareholders. Whether or not shareholders plan to attend the Meeting virtually, shareholders of record of the Company's common shares are encouraged to vote and submit their proxy in advance of the Meeting. The Board of Directors (the “Board”) has set a record date of January 6, 2021.

Performance Shipping Inc. Announces the Date for its 2021 Annual General Meeting of Shareholders and Adoption of Amended and Restated Equity Incentive Plan

ATHENS, Greece, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that in Manila, Philippines, it has taken delivery of the M/T P. Yanbu (formerly “Kalamas”), a 2011-built 105,400 dwt Aframax tanker that the Company entered into an agreement to purchase in November 2020, through a separate wholly-owned subsidiary. The vessel has been retrofitted with a ballast water treatment system (BWTS), has completed its dry dock survey in July 2020, and its special survey in October 2020, and will be employed in the spot market.

Performance Shipping Inc. Announces Delivery of Its Fifth Aframax Tanker, M/T P. Yanbu

ATHENS, Greece, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income and net income attributable to common stockholders of $0.4 million for the third quarter of 2020, compared to a net loss and net loss attributable to common stockholders of $18.1 million for the same period in 2019. Earnings per common share, basic and diluted, for the third quarter of 2020 were $0.08, while loss per share for the third quarter of 2019 was $5.58.

Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

ATHENS, Greece, Nov. 11, 2020 (GLOBE NEWSWIRE) -- In the release issued today by Performance Shipping Inc. (NASDAQ: PSHG), we were informed by the client the ticker symbol should be PSHG and not DCIX. The corrected text follows.

CORRECTING and REPLACING -- Performance Shipping Inc. Announces Agreement to Acquire Fifth Aframax Tanker

ATHENS, Greece, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the M/T Kalamas, a 105,400 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd, Japan, from an unaffiliated third party seller for a total purchase price of US$22.0 million. The vessel, the Company's fifth Aframax tanker, is expected to be delivered between November 15 and December 22, 2020, and will be renamed M/T P. Yanbu.

Performance Shipping Inc. Announces Agreement to Acquire Fifth Aframax Tanker

Small Aframax tanker operator announces 1:10 reverse stock split to regain Nasdaq minimum bid price compliance. Outstanding shares will be reduced to approximately 5 million. With insiders owning almost 50%, free float calculates to a tiny 2.7 million shares.

Performance Shipping: On Momentum Watch After Reverse Stock Split Reduces Free Float To Just 2.7 Million Shares

News for Performance Shipping Stock (PSHG)