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| Pacific shipping made a profit of $3 million 600 thousand a year |
| Hongkong listed dry bulk shipping East Pacific Shipping (2017 annual operating performance. The company recorded revenues of $1 billion 488 million, an increase of 36.8%; recorded income tax profit before depreciation and amortization of $133 million 800 thousand, representing an increase of $111 million; recorded a net profit of $3 million 600 thousand, compared with last year's loss of $86 million 500 thousand a successful turnaround; basic earnings per share of 0.7 cents, the company decided not to pay a dividend. Pacific shipping said the company held $245 million in cash as of the end of 2017. As of January 31, 2018, the company has a total control capacity of 222 ships, including Handysize boat 139 (80 ships, 59 ships of its own rent), Supramax boat 81 (25 ships, 56 ships of its own rent), Panama boat 2 (1 ships, 1 ships of its own rent). Pacific shipping said in 2018 the Handysize boat rental day, 50% average daily rent $9280 (net) for lease, and 69% Supramax vessels on rent, also has a daily rent of $11400 (net) for lease. Through scale effect and cost control, Pacific shipping further reduces the daily operating cost of its own ships to $3840. In addition, the dry bulk market in 2017 has improved significantly after experiencing the low level in 2016, and the high loading rate and the competitive cost structure of the company fleet have greatly improved the performance. [ Previous] [Return] |
