HK Stock Market Move | Pacific Basin Shipping (02343) rose over 5% intraday, with strong average daily spot charter rates for Handysize and Supramax dry bulk vessels in the third quarter.

Pacific Basin Shipping (02343) rose over 5% intraday, up 4.28% as of press time, at HK$3.775, with a turnover of HK$48.1649 million. On the news front, on October 15, Pacific Basin Shipping released its Q3 2026 operating data. In the third quarter, the company's core Handysize vessel daily net charter rate (TCE) reached US$16,020, up 37% year-on-year; Supramax vessel daily TCE reached US$17,990, up 34% year-on-year. Notably, its Handysize fleet's daily TCE was US$1,350, or 9%, higher than the spot market index (the deadweight-adjusted BHSI); while its Supramax fleet was US$300, or 2%, lower than the spot market index (BSI). In the first three quarters of 2026, both its Handysize and Supramax fleets outperformed the index, with the Handysize fleet's daily TCE US$1,730, or 13%, higher than the BHSI; while the Supramax fleet was US$1,440, or 9%, higher than the BSI. For the fourth quarter, the core Handysize and Supramax fleets have locked in 65% and 76% of operating day revenue at average 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.