Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
Full PSHG analysis →
Competitive advantage assessment
Key strengths
Scale Supporting ProfitabilityProfitability at scale is strong (score 0.91), demonstrating competitive advantages.
ROIC Sustainably Above PeersROIC at 65.6th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Key risks
Volatile Margins Suggest CyclicalityMargin volatility is high (stability score 0.09), suggesting cyclical exposure or competitive pressure.
Performance Shipping Inc. ranks #8 of 34
scored companies in Marine Shipping by moat score — the top 24%.
The widest moat in the group is Euroseas Ltd. (ESEA)
at 86/100.
Moat scores for companies ranked near PSHG in Marine Shipping
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 59
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 46
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 66
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 56
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 94
· 15% of the moat score
Scale matters only when it converts into economics.
Performance Shipping Inc. (PSHG) scores 63 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 34 scored companies in Marine Shipping, the top 24%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Scale & Market Position (94/100) and its weakest is Customer Stickiness (46/100).
How does Performance Shipping Inc. compare with other Marine Shipping companies?
Performance Shipping Inc. ranks #8 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are Capital Clean Energy Carriers C (CCEC) at 65 just above it and Golden Ocean Group Limited (GOGL) at 63 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.
Why is Performance Shipping Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Performance Shipping Inc.?
The Corporate Default template measures 6 defenses, and PSHG scores: Pricing Power (58), Cost Advantage (59), Customer Stickiness (46), Capital Efficiency (66), Resilience (56), Scale & Market Position (94). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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