Pacific Basin Shipping reported a net profit of $105 million for the first half of 2026, a year-on-year increase of over 300%. Revenue rose 9% to $1.1 billion, while TCE earnings climbed 20% to over $660 million. The company declared an interim dividend of HKD 0.155 per share, totaling $102.2 million, and repurchased approximately 9.5 million shares for $3.5 million. Average daily TCE earnings for Handysize vessels were $14,150, up 29%, and for Supramax vessels were $16,550, up 35%. The balance sheet remained strong with net cash of $157.2 million and available committed liquidity of $673.6 million as of June 30, 2026.
Pacific Basin Shipping LtdNet profit surged over 300% to $105 million, with strong TCE earnings and dividend.
