Q1 2020 Pacific Basin Shipping Ltd Trading Statement Call Transcript
Welcome to today's Pacific Basin 2020 Quarter 1 Trading Update Conference Call. I'm here to present Chief Executive Officer, Mats Berglund. (Operator Instructions)
Mr. Berglund, please begin.
Thank you, operator. Welcome, and thanks for joining us today. As mentioned, my name is Mats Berglund. I'm the CEO of the company. And I'm joined by Peter Schulz, our CFO. First, let me apologize for uploading the announcement and presentation a bit late, but you should have it now available on our website.
And please turn to Slide 2 of the presentation. And this shows our TCE earnings in our core fleet with the Handysize rates to the left and Supramax rates to the right. We made USD 8,020 per day on our Handysize ships in the first quarter, and we have 32% of the days for the rest of the year covered at $9,000 per day. You compare those numbers to last year's numbers that are to the left in the same graph, you see that the 2020 Handysize rates are slightly lower than
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