Performance Shipping Inc., incorporated in the Republic of the Marshall Islands and trading on NASDAQ under the ticker PSHG, is a publicly listed dry bulk shipping company. The company owns and operates a modern fleet of Supramax and Ultramax vessels, which are well-suited for the seaborne transportation of a wide range of dry bulk commodities. Performance Shipping’s vessels carry cargoes such as grains, coal, iron ore, steel products and fertilizer under medium‐ to long‐term time charter agreements with a diverse set of global charterers.
Since completing its initial public offering in late 2014, Performance Shipping has focused on disciplined growth through vessel acquisitions and the renewal of charter contracts to maintain steady cash flows. The company’s ships trade on major bulk shipping routes linking exporters in North and South America, Europe, Asia and Australia. By employing vessels that combine fuel efficiency with flexible cargo capacity, Performance Shipping aims to optimize voyage costs and deliver reliable service to customers in key bulk commodity markets.
Performance Shipping’s management team leverages deep industry expertise and is supported by an external technical manager based in Piraeus, Greece, which oversees crewing, maintenance and regulatory compliance. Headquartered in the Marshall Islands for corporate purposes, the company maintains commercial offices in major maritime centers to ensure close contact with charterers and brokers. Through this structure, Performance Shipping seeks to balance operational excellence with rigorous cost controls, positioning itself to navigate the cyclical nature of the dry bulk shipping sector.
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