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Performance Shipping Inc. reports Q1 results

Performance Shipping Inc., a global shipping company specializing in the ownership of containerships, reported a net loss of $0.2 million for the first quarter of 2019, compared to a net loss of $3.9 million for the same period of 2018.

Time charter revenues were $5.5 million for the first quarter of 2019, compared to $8.0 million for the same period of 2018. This decrease was primarily due to the decrease in size of the Company’s fleet, and was partially offset by the increased time charter rates achieved as a result of improved market conditions.

Read the full report here.

 

Source: Performance Shipping Inc.

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