Performance Shipping presentation outlines tanker fleet renewal, charter backlog USD 534 million - PSHG News | RalliesPerformance Shipping presentation outlines tanker fleet renewal, charter backlog USD 534 million
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PSHG• Fleet renewal and charter backlog
- 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.
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