The Pacific Shipping (02343) announced its interim results, with shareholders' profit amounting to $105 million, an increase of 310.35% year-on-year.

The Pacific Shipping (02343) announced its interim results for the six months ended June 30, 2026, reporting a turnover of USD 1.105 billion, an increase of 8.52% year-on-year; a net profit attributable to shareholders of USD 105 million, an increase of 310.35% year-on-year; and basic earnings per share of 2.06 cents. The group proposes an interim dividend of 15.5 Hong Kong cents per share. The announcement stated that in the first half of 2026, the group's core business contributed USD 124 million (excluding management expenses), representing a 144% increase compared to the first half of 2025. The average daily income from time-chartered small and ultra-large bulk carriers was USD 14,200 and USD 16,600 respectively, exceeding market benchmarks by USD 1,950 and USD 2,370. This excellent performance highlights the value of the group's integrated platform and continues its long-standing record of outperforming freight market benchmarks. The group optimizes trade patterns by combining rare backhaul cargo with more common headhaul cargoes, reducing ballast legs and increasing vessel utilization rates. At the same time, the group capitalizes on high-value less-than-container-load shipments, deck cargo, and other bulk cargo businesses to further enhance utilization rates, average daily income against time-chartered benchmarks, and returns.