Pacific Basin Shipping (02343) rose over 5% intraday, and as of press time, it was up 4.28% at HK$3.775, with a turnover of HK$48.1649 million.
On the news front, on October 15, Pacific Basin Shipping released its third-quarter 2026 operating data. In the third quarter, the company's core Handysize vessel average daily net charter rate (TCE) reached US$16,020, up 37% year-on-year; the Supramax vessel average daily TCE reached US$17,990, up 34% year-on-year.
Notably, its Handysize fleet's average daily TCE was US$1,350, or 9%, higher than the spot market index (the deadweight-adjusted BHSI); while its Supramax fleet was US$300, or 2%, lower than the spot market index (BSI).
In the first three quarters of 2026, both its Handysize fleet and Supramax fleet outperformed the indices. Its Handysize fleet's average daily TCE was US$1,730, or 13%, higher than the BHSI; while its Supramax fleet was US$1,440, or 9%, higher than the BSI.
For the fourth quarter, the core Handysize and Supramax fleets have already locked in 65% and 76% of operating day revenue at average daily charter rates of US$16,480 and US$18,960, respectively. In addition, the company recorded an average daily profit of US$2,190 across approximately 6,610 operating days in the third quarter.
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