Performance Shipping Inc.

Performance Shipping Inc. operates a fleet-based tanker shipping business focused on the international transportation of liquid cargo. The company owns and operates Aframax tanker vessels, which represent the mid-range segment of crude oil and refined product carriers. As of December 31, 2024, its fleet comprised six Aframax vessels with a combined deadweight tonnage capacity of 630,519 DWT, generating revenue primarily through spot market and time-charter arrangements with oil majors, traders, and refinery operators.

The company generates revenue from shipping services on deep-sea international routes, with vessels deployed across major global shipping corridors. The tanker segment encompasses the transportation of crude oil, refined petroleum products, and other liquid cargoes, with economics driven by voyage durations, fuel costs, and prevailing tanker market rates. Performance Shipping operates with a headquarters in Athens, Greece, a traditional maritime hub, and maintains a workforce of 211 full-time employees.

Incorporated in 2010 and domiciled in the Marshall Islands, the company is listed on the Nasdaq exchange. Its operations are subject to international maritime regulations, vessel aging dynamics, and commodity shipping market cycles.