Performance Shipping presentation outlines tanker fleet renewal, charter backlog USD 534 million

Reuters2026/08/03 11:43

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Performance Shipping outlined a modern tanker fleet of nine trading vessels, with three newbuildings scheduled for 2027-2029 deliveries.
Secured charter revenue backlog of USD 534 million, with fixed-rate coverage near 100% for the rest of 2026 and for 2027.
LTM revenue of USD 113.1 million, with LTM EBITDA of USD 68.2 million; net debt to EBITDA of 3.1x.
Balance sheet metrics included net LTV of 33% and a Q2 2026 book equity ratio of 51%.
Fleet renewal plan highlighted asset sales of M/T P. Sophia for USD 35.65 million, with M/T P. Aliki agreed for USD 42.65 million.

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 August 03, 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 presentation outlines tanker fleet renewal, charter backlog USD 534 million

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