Full Year 2020 Pacific Basin Shipping Ltd Earnings Call Transcript
Welcome to today's Pacific Basin 2020 Annual Results Announcement Call. I'm pleased to present Chief Executive Officer, Mr. Mats Berglund, for the first part of this call. (Operator Instructions)
Mr. Berglund, please begin.
Thank you very much, and welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2020 Annual Results Earnings Call. My name is Mats Berglund, CEO of Pacific Basin; and I am joined by our CFO, Peter Schulz.
Please turn to Slide 3. This is, obviously, a 2020 results presentation, but as you can imagine, it's a lot more fun to talk about 2021, and you can understand why when looking at the graphs on this slide. We will get back to this later.
2020 was a year of 2 very different halves for dry bulk shipping. Measures to contain the COVID outbreak initially in China and then elsewhere around the world severely impacted the dry bulk market in the first half, driving Handysize and Supramax index rates down to their
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