Nathan Gee
Analyst
Replay available
Pacific Basin Shipping Limited (PCFBF) Q1 2026 Earnings Call
Pacific Basin Shipping Limited (OTC: PCFBF) Q1 2026 earnings conference call, held 2026-04-16. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Jimmy Ng
Chief Financial Officer
Martin Furagard
Chief Executive Officer
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Pacific Basin Shipping Limited.
Replay transcript excerpt
WEBVTT 00:00:00.976 -- 00:00:02.598 Yeah, welcome. 00:00:02.598 -- 00:00:08.225 Welcome to today's Pacific Basin 2026 First Quarter Trading Update Conference Call. 00:00:08.225 -- 00:00:11.689 I am pleased to present Chief Executive Officer, Mr. 00:00:11.689 -- 00:00:15.153 Martin Furagard, and Chief Financial Officer, Mr. 00:00:15.153 -- 00:00:19.698 Jimmy Ng. For the first part of this call, all participants will be in a listen-only 00:00:19.698 -- 00:00:22.962 mode, and afterwards there will be a question and answer session. 00:00:22.962 -- 00:00:25.645 Mr. Furagard, please begin. 00:00:25.645 -- 00:00:30.963 Yeah, thank you. Welcome and thank you for attending Pacific Basin 2026. 00:00:30.963 -- 00:00:34.889 first quarter trading update call. 00:00:34.889 -- 00:00:39.996 We will highlight a few key points in the published presentation before we proceed 00:00:39.996 -- 00:00:41.939 to Q&A. 00:00:41.939 -- 00:00:44.720 Please turn to slide 2. 00:00:45.043 -- 00:00:50.131 Despite ongoing geopolitical disruptions and operational inefficiencies, 00:00:50.131 -- 00:00:55.278 including the outbreak of war in the Arabian Gulf in early March, our dry bulk freight 00:00:55.278 -- 00:01:00.489 markets have strengthened year on year. As a result, we delivered 00:01:00.489 -- 00:01:05.638 improved TCE earnings and strong market outperformance in the first quarter. 00:01:05.638 -- 00:01:10.947 Our heavy-size and supermax fleets recorded average net daily TCE earnings 00:01:10.947 -- 00:01:14.029 of 12,130 and 13,970, 00:01:15.494 -- 00:01:17.494 respectively, 00:01:18.519 -- 00:01:22.005 making year-on-year increases of 11 and 14%. 00:01:22.005 -- 00:01:26.650 These results reflect significant outperformance 00:01:26.650 -- 00:01:31.515 with Q1 earnings exceeding development i...