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Performance Shipping Inc SEC Filings

PSHG NASDAQ

Welcome to our dedicated page for Performance Shipping SEC filings (Ticker: PSHG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

This page provides access to U.S. Securities and Exchange Commission filings for Performance Shipping Inc. (NASDAQ: PSHG), a global provider of shipping transportation services through its ownership of tanker vessels. As a foreign private issuer, Performance Shipping files annual reports on Form 20-F and furnishes current reports on Form 6-K, which include press releases and other information about its operations, fleet, financing and corporate actions.

Recent Form 6-K filings incorporate press releases on topics such as the successful placement of a tap issue in the company’s senior secured bond, the naming and delivery of newbuild LR2 tankers like M/T P. MASSORT and M/T P. TOKYO, the acquisition and chartering of Suezmax tankers, time-charter contracts for vessels including M/T P. LONG BEACH and M/T P. ALIKI, and the scheduling of the company’s annual general meeting of shareholders. These filings are often incorporated by reference into Performance Shipping’s effective registration statements on Form F-3.

Investors can use the filings page to review financial statements, risk disclosures and fleet data contained in the company’s periodic and current reports. For example, filings present revenue, net income, time charter equivalent rates, daily vessel operating expenses, fleet utilization, ownership days and available days, as well as information about preferred stock, warrants and bond issuances. Filings also identify the company’s principal executive office in Athens, Greece and confirm its status as a Form 20-F filer.

Stock Titan’s platform associates these filings with AI-powered tools that help readers interpret key sections, such as definitions of time charter equivalent rates, descriptions of charter types (spot, pool and time charters) and summaries of fleet employment profiles. Users can follow new Form 6-K and Form 20-F submissions as they are made available through the SEC’s EDGAR system, and use the structured data to analyze Performance Shipping’s tanker-focused business over time.

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Performance Shipping Inc. reported net income of $7.6M for Q4 2025, down from $9.7M a year earlier, as higher operating, depreciation and finance costs offset revenue growth. Q4 revenue rose to $26.2M from $21.7M, helped by more ownership days after adding the newbuild tankers P. Massport and P. Tokyo.

For full-year 2025, net income increased to $50.0M from $43.7M, with basic EPS of $3.87. Revenue for 2025 was $84.2M, slightly below $87.4M in 2024, while the average TCE rate eased to $31,246 from $32,954. Fleet utilization remained high at 98.6%.

The company highlighted a revenue backlog of about $350M, with fixed charter coverage of roughly 88% for 2026 and 72% for 2027, supported by new Suezmax and LR2 charters. Year-end 2025 cash, cash equivalents and restricted cash were $49.3M, and long-term debt stood at $222.3M. Management also warned that recent military conflict involving Iran and potential disruption of the Strait of Hormuz could significantly affect tanker shipping; one vessel is currently operating in the Persian Gulf.

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Performance Shipping Inc. reports that it has signed two shipbuilding contracts for 158,000 DWT Suezmax tanker vessels with China Shipbuilding Trading and Shanghai Waigaoqiao Shipbuilding. Each vessel has a contract price of US$81.5 million and is scheduled for delivery in October 2028 and May 2029.

The company outlines staged payments: 15% of the price after receipt of a refund guarantee, 10% at each of steel cutting, keel laying and launching, and the remaining 55% on delivery. Management describes the move as doubling its Suezmax exposure and highlights expectations for favorable long-term market fundamentals and modern, fuel-efficient, environmentally compliant designs.

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Performance Shipping Inc. has agreed to sell its oldest vessel, the 2009-built, 105,071 dwt Aframax tanker M/T P. Sophia, for a gross price of US$35.65 million to an unaffiliated buyer. The vessel is expected to be delivered to the new owners in mid-2026, subject to customary closing conditions.

The M/T P. Sophia currently serves as part of the collateral for the company’s outstanding Nordic bond, and net sale proceeds will be applied under the bond agreement terms. Performance Shipping acquired the vessel in the third quarter of 2022 for US$27,577,320 and expects an approximate gain of US$8 million compared to the acquisition price.

Management explains that selling the oldest ship aligns with its fleet renewal strategy, reducing the fleet’s average age and supporting operational efficiency and commercial competitiveness. The company will continue operating the vessel at a charter rate of US$43,000 per day until the charter concludes in or around late May 2026, helping support cash flow ahead of delivery.

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Sphinx Investment Corp., together with Maryport Navigation Corp. and George Economou, filed Amendment No. 12 updating their tender offer for all common shares of Performance Shipping Inc. (PSHG).

The offer remains at $3.00 in cash per share, without interest and less applicable withholding taxes, for all issued and outstanding common shares, including associated preferred stock purchase rights. The amendment mainly refreshes disclosure and adds a new exhibit, a press release dated February 11, 2026, while incorporating all prior offer documents and terms.

The filing also reiterates that Sphinx, through its ownership structure, beneficially owns 1,033,859 common shares, representing 8.3% of the class, based on 12,432,158 shares outstanding as of November 24, 2025, as reported by the company.

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Performance Shipping Inc. has secured a new three-year time charter for its Aframax tanker M/T P. Monterey with PBF Holding Company LLC, a subsidiary of PBF Energy Inc. The contract, for a 105,525 dwt tanker built in 2011, carries a gross rate of US$31,000 per day for three years plus or minus 30 days at the charterer’s option.

The charter is expected to start in mid-February and is projected to generate approximately US$33 million in gross revenue over the minimum term. Management states that this agreement increases the company’s fleetwide revenue backlog to a record level of about US$349 million as of January 1, 2026, supporting its strategy of focusing on medium- and long-term time charters that provide steadier cash flow and renewal opportunities.

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Performance Shipping Inc. reports the naming and delivery of the M/T P. Marseille, a 114,000 DWT LNG-ready Tier III product/crude oil tanker built at Shanghai Waigaoqiao Shipbuilding in China. This LR2 vessel is the third ship in the company’s current newbuilding program, following the M/T P. Massport and M/T P. Tokyo, and supports its fleet expansion and renewal strategy with younger, fuel-efficient tonnage.

All three newbuilding LR2 vessels, including the M/T P. Marseille, are employed under five-year time charter contracts with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group, with options for a sixth and seventh year at a base rate plus profit-sharing. One LR1 chemical/product tanker remains under construction and is scheduled for delivery in early 2027, which would further add to the company’s tanker fleet.

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Performance Shipping Inc. submitted a Form 6-K to furnish a press release dated January 13, 2026 titled “Performance Shipping Inc. Announces Successful Placement of USD 50 Million Tap Issue.” This indicates the company completed a tap issue raising USD 50 million.

The information in this report is also incorporated by reference into three existing shelf registration statements on Form F-3, which were declared effective in 2014, 2022, and 2023. This links the tap issue disclosure to the company’s broader U.S. capital markets documentation.

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Performance Shipping Inc. filed a report as a foreign private issuer that attaches a December 15, 2025 press release titled “Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air.” The report highlights the delivery of this 2019-built Suezmax tanker, named M/T P. Bel Air.

The company states that the information in this report, other than the statement in the press release attributed to its Chief Executive Officer, is incorporated by reference into its effective registration statements on Form F-3, so these disclosures become part of the information available under those shelf registrations.

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Performance Shipping Inc. (PSHG) filed a Form 6-K highlighting new long-term employment for three tankers. The Company reported a two-year time charter for M/T P. Long Beach at US$30,500 per day. It also announced three-year time charter contracts with Repsol for two newly acquired modern Suezmax tankers at US$36,500 per day each.

The submission states that the information—excluding statements attributed to the CEO—is incorporated by reference into the Company’s existing Form F-3 registration statements effective August 13, 2014, August 29, 2022, and May 4, 2023.

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Performance Shipping Inc. filed a Form 6-K announcing that its Notice of Annual Meeting of Shareholders and Proxy Statement (Exhibit 99.1) and Proxy Card (Exhibit 99.2) were mailed to shareholders on or around November 4, 2025.

Except for the statement in Exhibit 99.1 attributed to the Chief Executive Officer, the materials are incorporated by reference into the Company’s Form F-3 registration statements (File Nos. 333-197740 effective August 13, 2014; 333-266946 effective August 29, 2022; and 333-271398 effective May 4, 2023).

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FAQ

What is the current stock price of Performance Shipping (PSHG)?

The current stock price of Performance Shipping (PSHG) is $2.29 as of March 6, 2026.

What is the market cap of Performance Shipping (PSHG)?

The market cap of Performance Shipping (PSHG) is approximately 28.1M.

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28.10M
12.43M
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