Performance Shipping Q2 net income falls to $8.6 million

Despite the lower revenue, the company's fleetwide average time-charter equivalent (TCE) rate for the second quarter of 2025 increased to $32,295 per day, compared with an average of $30,970 per day for the same period in 2024.

For the first six months of 2025, net income attributable to common stockholders was $37.6 million, a significant increase from the $20.7 million reported for the first half of 2024.