Pacific Basin eyes threats on the horizon despite profit

The dry bulk market is now back on track and has boosted the results at one of the biggest players in the market, Pacific Basin, which delivered its first profit in five years in 2017. But there are several threats looming over the currently strong dry bulk market.

Photo: Pacific Basin

Hong Kong-based Pacific Basin transformed a loss into a profit in 2017 with the help of overall stronger conditions in the dry bulk market.

But in its interim report published Wednesday, the dry bulk company also expresses skepticism about whether the positive trends will last.

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