Pacific Basin Expand its Fleet

Dry bulk shipping company Pacific Basin Shipping Limited has inked a conditional agreement to acquire five dry bulk vessels worth USD 104.6 million availing of the attractive secondhand prices on the market.

News ID: 75386

Date: 04 August 2017 - 14:58

The acquisitions relate to two 2014-built Supramaxes worth USD 34 million, a 2014-built Handysize worth USD 21.1 million, a 2016-built Supramax worth USD 23.5 million and one resale newbuilding Supramax due for delivery in January 2018 worth USD 26 million.

“These ship purchases represent attractive opportunities to grow and renew our fleet with modern, efficient vessels built by large, reputable shipbuilders Imabari and Tsuneishi. They are of the best design for our trades and will enhance our fleet for the long term.

As at 30 June 2017, the company’s fleet of operated ships comprised about 250 dry bulk ships of which 101 are owned and 156 are chartered.