Performance Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2026
Performance Shipping Inc., a Nasdaq-listed global tanker shipping company, reported Q1 2026 net income of $10.2 million on revenues of $33.8 million, reflecting a 59% increase in revenue driven by fleet expansion to eleven vessels and improved TCE rates. The company boasts a substantial revenue backlog of nearly $500 million with approximately 90% …