Pacific Basin Q1 Handysize, Supramax TCE earnings rise 11% and 14%

PUBT·04/16/2026 09:08:05

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Pacific Basin reported higher first-quarter 2026 core TCE earnings, with Handysize at USD 12,130 per day (up 11% year on year) and Supramax at USD 13,970 per day (up 14%).
Performance exceeded spot benchmarks by USD 1,030 per day versus BHSI (tonnage-adjusted) and USD 2,050 per day versus BSI.
Market spot rates averaged USD 11,100 per day for Handysize (up 39%) and USD 11,920 per day for Supramax (up 51%).
Second-quarter coverage reached 70% of committed Handysize days at USD 14,000 per day; Supramax coverage reached 90% at USD 17,080 per day.
Fleet renewal plan shifted on April 16, terminating four dual-fuel methanol Ultramax newbuildings priced at USD 186 million; replacement order signed for four conventional-fuel Ultramax newbuildings priced at USD 156.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260416-12108119), on April 16, 2026, and is solely responsible for the information contained therein.

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