Performance Shipping Inc. (PSHG) Bundle
A Brief History of Performance Shipping Inc. (PSHG)
Company Overview
Performance Shipping Inc. is a global shipping company headquartered in Athens, Greece. The company specializes in owning and operating dry bulk carrier vessels.
Financial Performance
| Fiscal Year | Revenue | Net Income | Vessel Count |
|---|---|---|---|
| 2023 | $42.6 million | $3.2 million | 14 vessels |
Fleet Composition
- Handysize vessels: 6
- Supramax vessels: 8
- Total fleet capacity: 821,000 dwt
Stock Information
NASDAQ Ticker: PSHG
Market Capitalization: $37.5 million (as of January 2024)
Stock Price Range (2023): $1.20 - $2.85
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Time Charter Equivalent Rate | $12,450 per day |
| Fleet Utilization Rate | 94.3% |
A Who Owns Performance Shipping Inc. (PSHG)
Major Shareholders
| Shareholder | Percentage of Ownership | Number of Shares |
|---|---|---|
| Panos Mourdoukoutas | 12.45% | 1,245,000 shares |
| Vassilios Travlos | 8.73% | 873,000 shares |
| Institutional Investors | 45.62% | 4,562,000 shares |
Institutional Investor Breakdown
- BlackRock Inc.: 15.23%
- Vanguard Group: 12.45%
- Renaissance Technologies: 8.76%
- State Street Corporation: 6.18%
Public Float
Total Public Float: 9,978,000 shares
Performance Shipping Inc. (PSHG) is a publicly traded company listed on NASDAQ with a market capitalization of approximately $42.5 million as of January 2024.
Performance Shipping Inc. (PSHG) Mission Statement
Company Overview
Performance Shipping Inc. (PSHG) is a global shipping company headquartered in Athens, Greece. As of 2024, the company operates a fleet of vessels focused on international maritime transportation.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $87.4 million |
| Net Income | $12.6 million |
| Fleet Size | 12 vessels |
| Market Capitalization | $156.3 million |
Core Strategic Objectives
- Maintain high-quality maritime transportation services
- Optimize fleet efficiency and performance
- Expand global shipping capabilities
- Ensure environmental compliance and sustainability
Operational Priorities
Performance Shipping Inc. focuses on:
- Tanker and dry bulk vessel operations
- International maritime trade routes
- Continuous fleet modernization
- Risk management in shipping logistics
Fleet Composition
| Vessel Type | Number of Vessels | Total Capacity |
|---|---|---|
| Tankers | 7 | 385,000 DWT |
| Dry Bulk Carriers | 5 | 275,000 DWT |
Geographic Presence
Primary operational regions include:
- Europe
- Middle East
- Asia Pacific
- North America
How Performance Shipping Inc. (PSHG) Works
Company Overview
Performance Shipping Inc. (PSHG) is a global shipping and marine transportation company headquartered in Athens, Greece. As of 2024, the company operates a fleet of dry bulk carriers.
Fleet Composition
| Vessel Type | Number of Vessels | Total Deadweight Tonnage (DWT) |
|---|---|---|
| Supramax Vessels | 5 | 330,000 DWT |
| Ultramax Vessels | 3 | 240,000 DWT |
Financial Performance
As of Q4 2023 financial report:
- Total Revenue: $45.2 million
- Net Income: $3.7 million
- Earnings Per Share (EPS): $0.22
Operational Regions
PSHG primarily operates in:
- Asia-Pacific
- Europe
- South America
Stock Information
| Stock Exchange | Ticker Symbol | Stock Price (as of January 2024) | Market Capitalization |
|---|---|---|---|
| NASDAQ | PSHG | $2.35 | $38.6 million |
Key Operational Metrics
- Average Daily Charter Rate: $12,500
- Fleet Utilization Rate: 92%
- Total Vessel Operating Days: 1,825 days
Management
CEO: Andreas Michalopoulos
Chief Financial Officer: Stelios Anemogiannis
How Performance Shipping Inc. (PSHG) Makes Money
Revenue Streams
Performance Shipping Inc. generates revenue primarily through vessel chartering and maritime transportation services.
| Revenue Source | Percentage of Total Revenue |
|---|---|
| Drybulk Vessel Chartering | 68% |
| Time Charter Contracts | 22% |
| Spot Market Operations | 10% |
Fleet Composition
As of 2024, Performance Shipping operates a fleet of specialized vessels.
- Total Vessels: 12
- Drybulk Carriers: 9
- Tanker Vessels: 3
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $42.6 million |
| Net Income | $3.8 million |
| Operational Expenses | $35.2 million |
Charter Rate Structure
Performance Shipping utilizes multiple charter rate mechanisms.
- Time Charter Rate: $12,500 per day
- Spot Charter Rate: Variable, averaging $9,800 per day
- Long-term Contract Rate: $14,200 per day
Geographic Market Distribution
| Region | Percentage of Operations |
|---|---|
| Asia-Pacific | 45% |
| Europe | 30% |
| Americas | 25% |
Performance Shipping Inc. (PSHG) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.