Performance Shipping Inc. Stock

Description Performance Shipping

Performance Shipping is a reputable company listed on the Nasdaq Capital Market under the ticker symbol "PSHG". The company is a well-established provider of shipping transportation services, specializing in dry bulk vessels.

Performance Shipping has a fleet of nine vessels consisting of Handysize, Panamax, and Post-Panamax vessels, which are used to transport various dry cargoes such as coal, grains, and iron ore. The company's operations are primarily focused on transporting commodities to and from the Americas, Europe, the Mediterranean, and the Middle East.

The company's financial performance has been somewhat mixed in recent years. In 2019, Performance Shipping reported a net loss of $7.5 million, compared to a net loss of $11.8 million in 2018. However, the company has reported positive earnings before interest, taxes, depreciation, and amortization (EBITDA) in each of the past two years, indicating that its operations have been steadily improving.

Overall, Performance Shipping has a solid reputation in the shipping industry and continues to offer reliable transportation services to customers worldwide. Its performance over the past few years suggests that the company is moving in the right direction financially and is well-positioned for future growth.