Performance Shipping Inc. to Participate in Wolfe Research Global Transportation & Industrials Conference

Rhea-AI Summary

Performance Shipping Inc. (NASDAQ: PSHG) announced that CFO Anthony Argyropoulos will participate in the 14th Annual Wolfe Research Global Transportation & Industrials Conference on May 27, 2021, at 8:25 a.m. ET. The panel will focus on tankers and bulkers, and a webcast will be available for those interested. Performance Shipping specializes in owning Aframax tankers and primarily operates in the spot market with leading energy companies. The company emphasizes that statements made during the conference may include forward-looking elements that are subject to various uncertainties.

ATHENS, Greece, May 26, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that Anthony Argyropoulos, Chief Financial Officer, will participate in the 14th Annual Wolfe Research Global Transportation & Industrials Conference in the Tanker and Bulker panel on Thursday, May 27, 2021, at 8:25 a.m. ET. A webcast will be available at the following link: Tanker & Bulker Panel

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of Aframax tankers. The Company’s current fleet is employed primarily in the spot market, and in some cases, on short to medium-term time charters with leading energy companies and traders.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions, terms or phrases may identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand for our vessels, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, dry-docking and insurance costs, our future operating or financial results, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including the ongoing outbreak of the novel coronavirus (COVID-19) and its impact on the demand for seaborne transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions or events, including “trade wars”, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

FAQ

What is Performance Shipping's participation in the 14th Annual Wolfe Research Conference on May 27, 2021?

Performance Shipping's CFO Anthony Argyropoulos will participate in the Tanker and Bulker panel at the conference, scheduled for May 27, 2021, at 8:25 a.m. ET.

Where can I watch the webcast of the Wolfe Research Conference featuring PSHG?

The webcast for the Tanker and Bulker panel featuring Performance Shipping can be accessed via the link provided in the press release.

What services does Performance Shipping (PSHG) offer?

Performance Shipping is a global provider of shipping transportation services specializing in the ownership of Aframax tankers.

What are forward-looking statements in the context of Performance Shipping's press release?

Forward-looking statements include projections about future events or performance, based on various assumptions, and are subject to uncertainties.

What factors can affect Performance Shipping's future results?

Factors include market conditions, changes in vessel demand, fluctuations in charter rates, operational costs, and impacts from global events like COVID-19.