Performance Shipping Inc.

Andreas Michalopoulos serves as the CEO of Performance Shipping Inc. and is responsible for the firm's strategic direction and fleet management decisions. The firm operates as a publicly traded corporation, with major investment decisions approved by its Board of Directors. No single family office or private principal is publicly known to control operations.

Performance Shipping is a publicly traded shipping company listed on the Nasdaq (NASDAQ: PSHG). It does not operate as a single-family office, multi-family office, or dedicated investment firm. Its business is the ownership and chartering of tanker vessels, making it an operating company rather than an investment entity.

Performance Shipping targets the acquisition of tanker vessels, primarily Aframax and LR2 product tankers, in the secondhand market. The firm does not engage in early-stage venture capital, private equity, or real estate investing. Its investment horizon is medium-term, focused on vessel cash flow generation and capital appreciation.

Performance Shipping solely focuses on the maritime transportation of petroleum products and crude oil. It does not invest in technology, healthcare, real estate, or any non-shipping asset classes. The firm has no disclosed exposure to hedge funds, private credit, or other alternative investments.

Performance Shipping sources vessel acquisitions through the secondhand market, often via broker introductions, public sale listings, and direct negotiations with shipowners. As a publicly traded company, it also raises capital through stock offerings and debt financing to fund acquisitions. Deal flow is not proprietary in the traditional investment firm sense, but rather transactional and market-driven.