Changes in Hong Kong stocks | Pacific Shipping (02343) rose more than 5% in the third quarter, the average daily rent level in the spot market for small and super convenient dry bulk carriers was strong

The Zhitong Finance App learned that Pacific Shipping (02343) rose more than 5% in the intraday period. As of press release, it had risen 4.28% to HK$3.775, with a turnover of HK$48.164,900.

According to the news, on October 15, Pacific Shipping announced operating data for the third quarter of 2026. In the third quarter, the company's core business, the average daily net rent (TCE) for portable ships reached 1,6020 US dollars, an increase of 37% over the previous year; the average daily TCE for ultra-portable ships reached 17,990 US dollars, an increase of 34% over the previous year. It is worth mentioning that the average daily TCE of its portable fleet is $1,350 or 9% higher than the spot market index (BHSI adjusted by DWT); the ultra-portable fleet is $300 or 2% lower than the spot market index (BSI).

In the first three quarters of 2026, its portable fleet and ultra-portable fleet both outperformed the index. The average daily TCE of the portable fleet was 1,730 US dollars or 13% higher than BHSI; while the ultra-portable fleet was 1,440 US dollars or 9% higher than BSI. The core flexible and ultra-flexible fleets in the fourth quarter have secured 65% and 76% of operating day revenue at average daily rents of $16,480 and $18,960, respectively. Additionally, the company recorded an average daily profit of US$2,190 out of approximately 6,610 operating days in the third quarter.