Performance Shipping reported a 375% leap in second-quarter profits as it rode the wave of strong aframax rates.
The New York-listed Greek tanker owner reported $18.4m of net income, nearly quadrupling the $3.87m a year earlier. Profit attributable to common shareholders increased to $17.9m from $3.66m.
The rise was driven by a jump in revenue to a record $31.5m, up from $16.7m
