Pacific Basin Shipping Ltd (STU:OYD)
€ 0.2957 -0.0009 (-0.3%) Market Cap: 1.64 Bil Enterprise Value: 1.74 Bil PE Ratio: 16.15 PB Ratio: 0.97 GF Score: 85/100
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Q3 2020 Pacific Basin Shipping Ltd Trading Statement Call Transcript

Oct 14, 2020 / 09:30AM GMT
Release Date Price: €0.116 (-4.13%)
Operator

Welcome to today's Pacific Basin 2020 Third Quarter Trading Update Earnings Call.

I am pleased to present Chief Executive Officer, Mr. 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 today. Again, my name is Mats Berglund, and with me is also our CFO, Peter Schulz.

We're going to go straight into the numbers, and I hope you have the presentation that we have sent out, and we are now on Slide 2. These graphs show a nice and improving trend, with our first half 2020 TCE rates for our core business to the left, our third quarter TCE rates in the middle and our fourth quarter cover rates to right. We have Handysize segment to the left and the Supramax segment to the right.

If you look in the left graph in the middle, you will see that we made $8,000 per day in the third quarter on our Handysize ships. Our breakeven that Peter will speak to later on our core Handysize ships is $8

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