In the third quarter, the average daily income of The Pacific Shipping's (02343) super handy bulk carrier under time charter equivalent basis increased by 10% year-on-year.

The Pacific Shipping (02343) announced that in the third quarter of 2025, the group's core business achieved daily charter income benchmark for small handy and supramax bulk carriers of $11,680 and $13,410 respectively, with annual changes of -15% and +10% respectively compared to the first half of the year, an increase of 6% and 10% respectively. In the third quarter of 2025, the spot market daily charter rates for small handy (BHSI 38,000 DWT (adjusted)) and supramax (BSI 58,000 DWT) bulk carriers were $11,590 (net) and $14,310 (net) respectively. Compared to the same period in 2024, the spot market daily charter rates in the third quarter decreased by 1% and increased by 4%, while compared to the first half of 2025, they significantly increased by 33% and 64% respectively. In the third quarter of 2025, the group exercised the purchase options for two existing small handy bulk carriers and one yet-to-be-delivered post-panamax bulk carrier under long-term charter contracts at attractive prices. The group also took delivery of two newly built post-panamax bulk carriers, 64,000 DWT, under long-term charter contracts in Japan. All the mentioned vessels were built in Japan and come with fixed rental rates, options for extended leasing periods, and purchase options. In 2026, the group can choose to exercise purchase options for four small handy bulk carriers, which will help the group update its own fleet at attractive prices based on current market values. With the assistance of external consultants, the group has been reviewing the Section 301 provisions announced by the Office of the United States Trade Representative in April 2025, including Annex I, which imposes port fees on vessels owned or operated by China. The group has proactively taken measures within its control to protect its business and ensure that The Pacific Shipping can continue to operate freely and competitively entering and exiting through all secure ports and countries, including China and the United States, to serve its global customers.