Pacific Basin Shipping (02343.HK) maintained strong spot market average daily charter rates for its Handysize and Supramax dry bulk carriers in the third quarter.

Zhito Finance APP News, Pacific Basin (02343.HK) announced that, supported by rising freight rates and steady ton-mile demand, the dry bulk freight market further strengthened in the third quarter of 2026. Although freight rates varied across businesses, the Handysize, Supramax, and Ultramax dry bulk vessel markets in which the Company operates benefited from increased cargo volumes for certain commodities and continued low efficiency in the global shipping network. The overall operating environment continued to be affected by geopolitical turmoil, uncertain trade policies, and weather-related events, which impacted trade flows, vessel deployment patterns, and shipping efficiency. In this environment, the Company achieved year-on-year growth in its average daily income on a time charter equivalent basis during the period.