Pacific Basin Shipping Limited
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Martin Fruergaard
- Full Time Employees
- 4,712
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- One Island South Hong Kong Hong Kong
- IPO Date
- Jul 14, 2004
- Website
- pacificbasin.com
- Similar Companies
- Business
- Pacific Basin Shipping Limited Pacific Basin Shipping Limited (2343.HK), an investment holding company founded in 1987 and headquartered at 31/F, One Island South, 2 Heung Yip Road, Wong Chuk Hang, Hong Kong, owns and operates a large, modern fleet of interchangeable shallow-draft Handysize, Supramax and Ultramax dry bulk carriers principally serving international minor and major bulk trades; the fleet comprises 112 owned vessels including 60 Handysize (10,000-40,000 dwt), 51 Supramax/Ultramax (40,000-70,000 dwt) and one Capesize (chartered out long-term), supplemented by 17 long-term chartered and around 148 short-term chartered vessels for a total of approximately 277 ships aggregating 5.2 million dwt with an average owned age of 13 years as at December 31, 2024; core services encompass global dry bulk shipping of commodities such as grains, ores, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand, gypsum, scrap, logs and forest products, complemented by shipping consulting, crewing, secretarial, ocean shipping, ship agency and vessel management activities with operations centred in the Asia-Pacific region and worldwide through a global network of offices. The company generated revenue of HK$18.04 billion and net income of HK$725.41 million (TTM) with 4,710 employees, maintaining a sector-leading cost base evidenced by Handysize and Supramax P&L break-evens of US$9,820 and US$10,720 per day in 2024 alongside daily TCE outperformance of market indices by US$1,720 and US$710 respectively; it remains net debt-free with US$282 million in cash and US$548 million committed liquidity as at December 31, 2024, supporting a 50% dividend payout policy and US$40 million share buyback programmes completed in 2024 and approved for 2025 amid a share discount to fleet market value. Recent strategic developments include the November 2024 contracting of its first newbuildings since 2014—four dual-fuel Ultramax low-emission vessels (64,000 dwt) from Nihon Shipyard, Imabari Shipbuilding and Mitsui & Co for delivery in 2028-2029 capable of green methanol, sustainable biodiesel or conventional fuel to advance net zero emissions by 2050 and regulatory compliance; a June 2025 green methanol supply MOU with Towngas; long-term charters of Japanese-built Handysize newbuildings delivered in 2023-2024; ongoing fleet renewal via sales of older vessels and second-hand acquisitions; enhanced decarbonisation measures such as silicone hull coatings on over one-third of owned fleet for 8% fuel savings, AI-driven voyage optimisation and remotely operated vehicles for hull monitoring; and Board enhancements with new Independent Non-executive Directors Kalpana Desai and Heather Wang effective February 2025 plus Chief Financial Officer Jimmy Ng joining May 2025.
Company News
Pacific Basin Shipping (OTCMKTS:PCFBY) Sees Strong Trading Volume – Time to Buy?
Pacific Basin Shipping Limited (PCFBY) Q3 2026 Sales/Trading Call Transcript
Pacific Basin Shipping (PCFBY) Upgraded to Buy: What Does It Mean for the Stock?
Pacific Basin Shipping Limited (PCFBY) Q2 2026 Earnings Call Transcript
What Makes Pacific Basin Shipping (PCFBY) a New Buy Stock
Is Heartland Express (HTLD) Outperforming Other Transportation Stocks This Year?
Pacific Basin Shipping Limited (PCFBY) Q1 2026 Sales/Trading Call Transcript
United Maritime (NASDAQ:USEA) vs. Pacific Basin Shipping (OTCMKTS:PCFBY) Critical Comparison
Pacific Basin Shipping Limited (PCFBY) Q4 2025 Earnings Call Transcript
Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Significant Decline in Short Interest
Head-To-Head Comparison: Hafnia (NYSE:HAFN) & Pacific Basin Shipping (OTCMKTS:PCFBY)
Comparing C3is (NASDAQ:CISS) & Pacific Basin Shipping (OTCMKTS:PCFBY)
Pacific Basin Shipping (OTCMKTS:PCFBY) Sets New 52-Week High – Here’s What Happened
Pacific Basin Shipping Limited (PCFBY) Q3 2025 Sales Call Transcript
Pacific Basin Shipping Limited (PCFBF) Q2 2025 Earnings Call Transcript
Pacific Basin Shipping Limited (PCFBF) Q1 2025 Earnings Call Transcript
Pacific Basin Shipping Limited (PCFBF) 2024 Annual Results Earnings Call Transcript
KVH and Pacific Basin Completing Hybrid Connectivity and Network Management Upgrade
Pacific Basin Shipping Limited (PCFBF) Q3 2024 Trading Update Conference Call (Transcript)
Pacific Basin Shipping Limited (PCFBF) Q2 2024 Earnings Call Transcript