On October 20-22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the popular professor who "rescues" people from anxiety and the era of involution—Macfarlane and Xiang Biao—will engage in a live dialogue!
Limited spots available, first come first served. Let us join together for a sustainable appointment! [Click to register]
Pacific Basin (02343) shares rose more than 5% intraday. As of press time, the stock price is up 4.28%, now trading at HK$3.775, with a turnover of HK$58.6895 million.
On October 15, Pacific Basin released its operational data for the third quarter of 2026. In Q3, the company's core business Handysize vessel daily net charter equivalent (TCE) earnings reached US$16,020, up 37% year-on-year; Supramax vessel daily TCE earnings reached US$17,990, up 34% year-on-year.
Notably, its Handysize fleet's daily TCE exceeded the spot market index (the deadweight-adjusted BHSI) by US$1,350, or 9%; while its Supramax fleet was US$300, or 2%, below the spot market index (BSI).
In the first three quarters of 2026, both its Handysize fleet and Supramax fleet outperformed the index, with its Handysize fleet's daily TCE exceeding BHSI by US$1,730, or 13%; and its Supramax fleet exceeding BSI by US$1,440, or 9%.
For the fourth quarter, the core Handysize and Supramax fleets have already locked in 65% and 76% of operating day revenue at 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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