Performance Shipping highlights $535 million secured revenue backlog in investor presentation

Bitget2026/11/04 08:40

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Performance Shipping reported $535 million in secured charter revenue as of June 30, 2026, with 3.4 years of average remaining employment.
Fixed charter coverage is approximately 100% for the remaining six months of 2026 and full-year 2027, falling to approximately 90% in 2028.
Remaining newbuilding capital expenditures totaled $175.3 million, covered approximately 3.1 times by secured revenue.
Committed financing totals $172.4 million for four of six newbuilds; financing for two Suezmax tankers remains to be arranged.
The remaining LR1 tanker is scheduled for delivery in January 2027, followed by Suezmax deliveries in October 2028 and May 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performance Shipping Inc. published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Performance Shipping highlights $535 million secured revenue backlog in investor presentation

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