Q1 2022 Pacific Basin Shipping Ltd Trading Statement Call Transcript
Welcome to today's Pacific Basin 2022 First Quarter Trading Update Call. I'm pleased to present Chief Executive Officer, Mr. Martin Fruergaard. (Operator Instructions) Mr. Fruergaard, please begin.
Yes. Thank you. Welcome, ladies and gentlemen, and thank you for attending Pacific Basin's First Quarter Trading Update Call. My name is Martin Fruergaard, I'm Chief Executive Officer of the company, and I'm joined by our CFO, Peter Schulz.
Please turn to Slide 2. The minor bulk freight market in the first quarter of 2022 was significantly stronger than the same period last year, driven by strong supply and demand fundamentals. Index spot rates for Handysize and Supramax ships averaged $20,550 and $23,900 net per day, respectively, in the first quarter of 2022, representing a 47% and 51% increase, respectively, compared to the same period in 2021. It was overall a good quarter despite increasing economic and geopolitical uncertainties, but still with minor bulk demand up, driven
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
