PACIFIC BASIN (02343) surged over 4% again, reaching HK$2.71 by the time of writing, with a trading volume of HK$32.43 million. The rally comes amid a rapidly heating global dry bulk market in Q4 2025. The Baltic Dry Index (BDI) has climbed for 12 consecutive sessions, hitting 2,560 points on November 28—its highest level since December 2023.
Analysts note that the dry bulk shipping industry is at an inflection point, poised for growth. With limited supply-side expansion, three demand-side catalysts are expected to drive upside: the commencement of the Simandou iron ore project, reshaping global iron ore trade flows; potential Fed rate cuts boosting commodity trade activity; and long-term infrastructure demand, including post-war reconstruction in Ukraine and hydropower projects in Asia.
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