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Pacific Basin Shipping ( (HK:2343) ) just unveiled an announcement.
In the third quarter of 2025, Pacific Basin Shipping reported improved vessel time-charter equivalent earnings due to a rally in the dry bulk freight markets, driven by market disruptions and inefficiencies. The company has proactively addressed potential impacts from new US and Chinese port fees, believing these fees are not applicable to them. The firm remains optimistic about long-term market conditions and is committed to fleet renewal and growth strategies. Despite a year-on-year decrease in Handysize earnings, Supramax earnings increased, and the company has covered a significant portion of its vessel days for the fourth quarter of 2025 and into 2026, ensuring continued profitability.
The most recent analyst rating on (HK:2343) stock is a Sell with a HK$1.90 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
More about Pacific Basin Shipping
Pacific Basin Shipping is a company operating in the dry bulk shipping industry, focusing on the transportation of bulk commodities. The company primarily deals with Handysize and Supramax vessels, providing shipping services across global markets.
Average Trading Volume: 18,368,619
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.06B
See more insights into 2343 stock on TipRanks’ Stock Analysis page.