Pacific Basin Shipping Limited’s Post

We have just announced our 2024 Interim Results. We generated a net profit of US$57.6 million and EBITDA of US$157.9 million. This yielded a return on equity of 6% (annualised) with basic EPS of HK8.7 cents. Our financial position remains healthy with available committed liquidity of US$537.4 million, with net borrowings of 2% as we continued to pay down debt, while remaining committed to our long-term strategy to renew and grow our owned fleet of Handysize and Supramax/Ultramax vessels. The Board has declared an interim dividend of HK4.1 cents per share, which represents approximately 50% of our net profit for the period (excluding vessel disposal gains). Since the commencement of our share buyback programme, we have repurchased and cancelled approximately 42.7 million shares for a consideration of approximately US$14.6 million. This share buyback programme of up to US$40 million is intended to continue until 31 December 2024. Additionally, our Handysize and Supramax daily TCE earnings were US$11,810 and US$13,690 per day respectively, which have outperformed the average Handysize and Supramax indices by US$840 per day and $410 per day respectively. We want to express our gratitude to our dedicated seafarers and onshore staff. Their commitment and professionalism are key to achieving these results. For more info, please refer to our 2024 Interim Results press release: https://lnkd.in/g9hbQRrW #PacificBasin #WithYouForTheLongHaul #OurHeroesAtSea

Entering the new year, the ECSA #Smx / #Umx market shows a decent number of new cargo offers, but long tonnage list keeps the market under pressure and triggers bearish sentiment https://lnkd.in/es5Xw59t #shipping #globaltrade #logistics #drybulk #chartering

OBSC Perfection: A Precision Fit for Investors? ⚙ 🛠 ⚙ OBSC Perfection Ltd, a precision metal component manufacturer, was incorporated in 2017 with its registered office located in South Delhi, India. The company focuses on serving top original equipment manufacturers (OEMs) in various sectors, including automotive, defense, marine, and telecommunication.    ⚙ OBSC Perfection offers a wide range of products, including cut blanks, shafts, torsion rods, piston rods, rack bars, pinion, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plates, hubs, and more. The company's product portfolio allows it to serve a diversified customer base.    ⚙ OBSC Perfection Limited is launching an IPO on October 22, 2024. The IPO will close on October 24, 2024, with shares available on NSE SME. Investors can buy shares at ₹95 to ₹100 per share. The minimum investment is ₹120,000. For more information read the below document ⤵ #IPO #SME #NSE #OBScIPO #OBSCPerfectionLimited #IPOnote #IPOreport

Downtrend continues on ECSA #Smx / #Umx market as the tonnage list remains rather long https://lnkd.in/eyWWYXd9 #shipping #globaltrade #logistics #drybulk #chartering

Positional Call:- Buy LT 3700 CE (28 Nov 2024 ) Above 43.85 With Stop Loss 25.50 With target 73.50 - 103.20 - 138.90 Cmp 37.05

New York Central Alco RS3 #106 Built circa 1950 by ALCO for the New York Central Railroad as an RS3 road switcher as #8263. Ownership transferred to Penn Central Railroad and was renumbered to #5263. Eventually sold to Amtrak and repowered with an EMD 645-C block which reduced it from 1,600 HP to 1,200 HP and designated as an RS3M. Used in switching service for Amtrak and finally retired and sold into private ownership. Some of the physical/mechanical attributes include EMD block, MU, cast shoes, good to fair wheels,... Click https://lnkd.in/girnx7-9 to read more! #ozarkMountainRailcar

M42P premium moves higher and Panamax values hold ground, whilst Suprax based FOB prices soften. #m42, #mcc, #m50, #mccloskey, #coalpricing, #hedging, #riskmanagement, #opis, #sgx

New York Central Alco RS3 #106 Built circa 1950 by ALCO for the New York Central Railroad as an RS3 road switcher as #8263. Ownership transferred to Penn Central Railroad and was renumbered to #5263. Eventually sold to Amtrak and repowered with an EMD 645-C block which reduced it from 1,600 HP to 1,200 HP and designated as an RS3M. Used in switching service for Amtrak and finally retired and sold into private ownership. Some of the physical/mechanical attributes include EMD block, MU, cast shoes, good to fair wheels,... Click https://lnkd.in/girnx7-9 to read more! #ozarkMountainRailcar

New York Central Alco RS3 #106 Built circa 1950 by ALCO for the New York Central Railroad as an RS3 road switcher as #8263. Ownership transferred to Penn Central Railroad and was renumbered to #5263. Eventually sold to Amtrak and repowered with an EMD 645-C block which reduced it from 1,600 HP to 1,200 HP and designated as an RS3M. Used in switching service for Amtrak and finally retired and sold into private ownership. Some of the physical/mechanical attributes include EMD block, MU, cast shoes, good to fair wheels,... Click https://lnkd.in/girnx7-9 to read more! #ozarkMountainRailcar