Pacific Basin Shipping (HK:2343) has released an update.
Pacific Basin Shipping reported a strong performance in Q3 2024, with a significant increase in daily time-charter earnings for both Handysize and Supramax vessels, despite operational challenges. The company continues to generate healthy cash flows, bolstered by fleet inefficiencies and Chinese fiscal stimulus, which are expected to drive future market demand. Additionally, Pacific Basin is strategically positioning for 2025 by optimizing short-term earnings and leveraging favorable market conditions.
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