Performance Shipping to buy tanker vessel, shares soar

Performance Shipping

11/11/2020 15:12

** Shares of shipping transportation services provider
 PSHG.O  soar 35.1% to $6.2
    ** PSHG agrees to buy the M/T Kalamas, a 105,400 deadweight
tons (dwt) Aframax tanker vessel from an unaffiliated third
party seller for $22 mln  urn:newsml:reuters.com:*:nGNX7KWF4J    
    ** Upon delivery of the M/T Kalamas, the cargo-carrying
capacity of PSHG's fleet will rise by 23.9% to about 546,094 dwt
- PSHG
    ** Stock down 26% so far this year

 (Reporting by Noor Zainab Hussain in Bengaluru)
 ((noor.hussain@thomsonreuters.com; Within U.S. +1 646 223 8780;
Outside U.S. +91 80 6182 2663 or +91 80 3796 2663 ;))