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Pacific Basin's vessels see 10 percent higher earnings

Dry bulk shipping company Pacific Basin has benefited from the economic recovery in China, where imports increased in the third quarter. This development has led to higher daily earnings for both the company's handysizes and supramaxes.

Photo: PR / Pacific Basin

Hong Kong-based Pacific Basin reports of a third quarter with better earnings after Chinese imports have returned.

This trend is particularly evident from the achieved rates, where TCE rates for the group's handysizes averaged around USD 8,000 per day, while the supramax segment has seen earnings as high as USD 11,200 per day.

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