MASHINIi

Performance Shipping Inc..

PSHG.US | Sea and coastal freight water transport

Performance Shipping Inc. is a global shipping company specializing in the ownership of tanker vessels. The company's fleet is used to transport crude oil and refined petroleum products worldwide. They generate revenue primarily through charter hire, where their vessels are leased to customers for s...Show More

Ethical Profile

Mixed.

Performance Shipping Inc.'s ethical profile is complex, with its core business of transporting fossil fuels inherently linked to environmental concerns. Critics point to this activity as directly contributing to greenhouse gas emissions, climate change, and potential marine pollution from oil spills or ballast water discharge. While the company operates a waste management system and aims to reduce plastic, specific quantitative data on these initiatives are not available. Reports suggest insufficient evidence to assess Performance Shipping Inc.'s specific performance regarding fair pay, worker respect, or honest business practices, areas where the shipping industry generally faces scrutiny.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

No evidence available to assess Performance Shipping Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess Performance Shipping Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Performance Shipping Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Performance Shipping Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No evidence available to assess Performance Shipping Inc. on Honest & Fair Business.

Kind to Animals

0

No specific, concrete data points related to animal welfare, cruelty-free certifications, animal testing, ethical sourcing, or wildlife conservation initiatives for Performance Shipping Inc. were found in the provided articles.

1
The articles primarily discuss vessel acquisitions and general environmental impacts of shipping, without detailing the company's direct actions or policies concerning animal welfare or specific, measurable impacts on wildlife.

No War, No Weapons

0

No data was found in the provided articles regarding Performance Shipping Inc.'s involvement in arms or defense contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, conflict divestment policies, or any other metrics relevant to the 'No War, No Weapons' ethical value.

1
The available article focused solely on the company's financial performance and general shipping operations, explicitly stating no data related to defense or peace-related activities.
2

Planet-Friendly Business

0

No evidence available to assess Performance Shipping Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

The company reported no cultural appropriation incidents.

1
Its operations do not involve Free, Prior and Informed Consent (FPIC) processes related to Indigenous Peoples, making that KPI not applicable.
2

Safe & Smart Tech

-20

The company's privacy policy states that data is retained for two years from the last date of interaction.

1
It also outlines user rights, including access, rectification, erasure, restriction, objection to processing, and data portability.
2
The policy mentions compliance with GDPR and other relevant regulations, providing contact information for regulatory authorities.
3

Zero Waste & Sustainable Products

-40

Performance Shipping Inc. reported no environmental fines or non-monetary sanctions for 2020, and no waste disposal violations for 2021, indicating strong compliance.

1
The company has implemented several waste reduction initiatives, including a Waste Management System for onboard waste disposal, collection and recycling of used batteries by an ISO-accredited NGO, reduced paper consumption in 2020 and 2021, and a transition to NFC business cards.
2
For hazardous waste, the company uses biodegradable lubricating oils and greases on all relevant machinery.
3
Additionally, the company evaluates suppliers annually, with non-compliance potentially leading to downgrades.
4

Own Performance Shipping Inc.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.