PACIFIC BASIN (02343) saw its shares increase by over 4% during intraday trading and currently, the stock is up 3.63%, priced at HKD 2.57 with a trading volume of HKD 24.18 million. Recently, PACIFIC BASIN announced that in the third quarter of 2025, the average daily income from time charter contracts for its Handymax and Supramax dry bulk vessels was USD 11,680 and USD 13,410, reflecting year-on-year changes of a decrease of 15% and an increase of 10%, respectively. Compared to the average daily income from time charter contracts in the first half of the year, this represents an increase of 6% and 10%, respectively.
Additionally, HTSC noted that regarding the bilateral port charges regulation effective October 14, the management stated that so far, the company does not have any direct or indirect ownership of 25% or more by U.S. or Chinese entities or individuals. The management believes that the port fee regulations do not apply to PACIFIC BASIN, and the company's operations remain normal. Looking ahead to Q4, HTSC anticipates that the port fees may affect global shipping capacity deployment and port calls, potentially disrupting the supply chain and driving up market freight rates. It is expected that the company's average daily income in Q4 will increase further quarter-on-quarter, maintaining a "Buy" rating.