Performance Shipping Inc. Signs Time Charter Agreement for M/T P. Aliki at $30,000 Daily Rate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Source: Globenewswire
New Charter Agreement: Performance Shipping Inc. has signed a 12-month time charter contract with Pakistan National Shipping Corporation for its M/T P. Aliki tanker at a daily rate of $30,000.
Financial Impact: This agreement is expected to increase the company's secured revenue backlog by approximately $10.5 million, raising the total to about $250.5 million.
CEO's Statement: CEO Andreas Michalopoulos expressed optimism about the partnership, highlighting its potential to generate significant earnings and enhance shareholder value.
Forward-Looking Statements: The company cautions that forward-looking statements are based on various assumptions and are subject to uncertainties that could affect actual results.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
