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Performance Shipping Secures $28K/Day Charter in December 2024 Report

$PSHG
Form 6-K
Filed on: 2024-12-18
Source
Performance Shipping Secures $28K/Day Charter in December 2024 Report

Here are the key insights extracted from the provided Form 6-K report for Performance Shipping Inc.:

  1. Company Overview:
  • Name: Performance Shipping Inc.
  • Address: 373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, Greece.
  • Commission File Number: 001-35025.
  1. Filing Information:
  • This report is filed as a Form 6-K, which is typically used by foreign private issuers to disclose information that is not required to be filed on a Form 10-K, 10-Q, or 8-K.
  • This specific report pertains to the month of December 2024.
  1. Recent Developments:
  • The report includes a press release dated December 18, 2024, announcing a 21-month time charter contract for the Aframax tanker, M/T Blue Moon.
  • The contract is valued at US$28,000 per day.
  1. Incorporation by Reference:
  • The information, excluding the CEO's statement, is incorporated by reference into several registration statements previously filed with the SEC:
    • Form F-3 (File No. 333-197740) effective date: August 13, 2014.
    • Form F-3 (File No. 333-266946) effective date: August 29, 2022.
    • Form F-3 (File No. 333-271398) effective date: May 4, 2023.
  1. Signatory:
  • The report is signed by Andreas Michalopoulos, the Chief Executive Officer of Performance Shipping Inc., on December 18, 2024.

Summary:

Performance Shipping Inc. secured a significant time charter contract for its tanker, which enhances its revenue stream. The details of this agreement and the incorporation of prior information into ongoing SEC filings indicate the company's active engagement in expanding its operational capabilities. The contract's daily rate suggests a positive outlook for revenue generation over the term of the charter.