Pacific Basin Shipping Ltd (STU:OYD)
€ 0.2966 -0.0099 (-3.23%) Market Cap: 1.64 Bil Enterprise Value: 1.73 Bil PE Ratio: 16.15 PB Ratio: 0.97 GF Score: 82/100
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Q1 2019 Pacific Basin Shipping Ltd Trading Statement Call Transcript

Apr 11, 2019 / 09:30AM GMT
Release Date Price: €0.17 (-5.56%)
Operator

Welcome to today's Pacific Basin 2019 Q1 Tradings Update Conference Call. I'm pleased to present Chief Executive Officer, Mats Berglund. (Operator Instructions) Mr. Berglund, please begin.

Mats Henrik Berglund
Pacific Basin Shipping Limited - CEO & Executive Director

Thank you very much. Welcome and thanks for joining us here today. I'm joined by our CFO, Peter Schulz. And as mentioned, I will start with a brief presentation, and then we will invite you to ask questions.

Please turn to Slide 2, where we get straight into the first quarter numbers. We made $9,080 per day on our Handysize ships during the first quarter and $10,400 per day on our Supramax ships. The market was very weak in the first quarter. And index rates were down with 29% and 26%, respectively, year-on-year, while our rates were down with 3% and 8% year-on-year, respectively. So strong outperformance in the first quarter, outperforming index rates with about $3,000 per day in both segments.

For the remaining 9 months of the year, we have 36% of our Handysize days

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