Performance Shipping Inc
pshipping.comWhat Do They Do?
Transports cargo globally in tanker vessels for national, regional and international charterers.
20-F for FY2025, filed Apr 27, 2026
How Do They Make Money?
Charterers pay for vessel use through time charters and spot voyages; spot-voyage payments are due when cargo is discharged, while pool arrangements allocate each vessel a share of net pool revenue.
20-F for FY2025, filed Apr 27, 2026The Company’s tanker vessels are employed under various types of charters and accordingly, the Company disaggregates its revenue from…View ↗
Spot, or voyage charter is a charter where a contract is made in the spot market for the use of a vessel for a specific voyage for a…View ↗
For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses…View ↗
$84.2M
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20-F for FY2025, filed Apr 27, 2026
$84.2M ↗
Who Are Their Customers?
National, regional and international companies charter the vessels, including ST Shipping Transport, Aramco Trading Company, Marathon Shipping, Exxon Mobil, AET Tankers and Maersk Tankers.
20-F for FY2025, filed Apr 27, 2026Our customers include national, regional, and international companies, such as ST Shipping Transport, Aramco Trading Company, Marathon…View ↗
20-F for FY2025, filed Apr 27, 2026
Our customers include national, regional, and international companies, such as ST Shipping Transport, Aramco Trading Company, Marathon…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 59 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 27, 2026
How Are They Changing?
Growing. Revenue grew 2.3x in 4 years, from $36.5M in FY2021 to $84.2M in FY2025, about 23% a year.
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