Pacific Basin Shipping Ltd. expected to Report Fiscal Year 2009 Results on March 9, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Pacific Basin Shipping Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2009. For the quarter, the company reported profit before taxation of $76,778,000 and profit attributable to shareholders of $74,829,000 or 4.19 cents per diluted share on revenue of $425,913,000 against profit before taxation of $339,029,000 and profit attributable to shareholders of $337,587,000 or 20.82 cents per diluted share on revenue of $909,872,000 for the same period of last year. Net cash from operating activities was $60,480,000 against $284,227,000 for the same period of last year. Net book value was 576 cents against 596 cents for the same period of last year. Annualised return on average assets was 7% against 39% for the same period of last year. Annualised return on average equity was 12% against 68% for the same period of last year. During the six months ended 30 June 2009, capital expenditure amounted to $149.7 million, at the end of the period resulting in the addition of two handysize vessels and three tugs as well as instalment payments on 11 vessels, including handysize post panamax, RoRo and tug newbuildings.

Pacific Basin Shipping Ltd. reported earnings results for the first half of 2009. For the period, the company's net income totaled $74.8 million, or 4.2 cents a share, compared to $337.6 million, or 20.8 cents a share, a year before. Revenue fell 53% to $425.9 million from $909.9 million. The company declared a dividend of 8 Hong Kong cents a share, compared with 76 Hong Kong cents last year.