Q3 2019 Pacific Basin Shipping Ltd Trading Statement Call Transcript
Ladies and gentlemen, welcome to today's Pacific Basin 2019 Q3 Trading Update Call. I'm pleased to present Chief Executive Officer, Mr. Mats Berglund. (Operator Instructions)
Mr. Berglund, please begin.
Thank you very much for joining us today. As mentioned, my name is Mats Berglund, I'm the CEO of the company. And with me is also our CFO, Peter Schulz.
We'll go straight into our numbers and look at Slide #1. In the third quarter, we made $9,480 per day on our Handysize ships and $11,580 on our Supramax ships. In the first 9 months of the year, we made $9,270 per day on the Handysize ships and $11,120 per day on the Supramaxes.
Our outperformance for the first 9 months was about $2,750 per day on the Handysize ships and $1,920 on the Supramax ships. Don't be alarmed by the lower outperformance in the third quarter alone. That has to do with the sharp increase in index rates during second half, August and September, because the earnings of those
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