Product Shipping Limited

General Information
Business:

 

We are an international shipping company that was incorporated in the Republic of the Marshall Islands in 2014 for the purpose of acquiring and operating a fleet of modern product tankers that provide seaborne transportation of refined petroleum products. We believe that growth in world trade and the distance of new sources of refinery capacity from primary areas of consumption create an opportunity for demand growth in the product tanker sector. By acquiring the vessels in our fleet at near historically low prices and operating them efficiently, we expect to be well positioned to benefit from a recovery in demand. We deploy our vessels predominately under time and bareboat charters, which generate stable cash flow and allow us to maintain high utilization rates, while preserving the flexibility to take advantage of higher charter rates as charters expire and renewal or spot charter opportunities arise.

Industry: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
Employees: 185
Founded: 2014
Contact Information
Address 88 Vouliagmenis Avenue, Elliniko, 16777, Greece
Phone Number +30-211-102-4000
Web Address
View Prospectus: Product Shipping Limited
Financial Information
Market Cap
Revenues $42.3 mil (last 12 months)
Net Income $1.4 mil (last 12 months)
IPO Profile
Symbol PROS
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Morgan Stanley
CO-Managers -
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change