Pacific Basin prepares for turbulent times after profitable 2019

Pacific Basin finished 2019 with an operating profit, and the shipping company is preparing for uncertainties related to the coronavirus. But the company is equipped for the turbulence, says CEO Mats Berglund.

Photo: PR / Pacific Basin

Dry bulk shipping company Pacific Basin was able to stay profitable in an otherwise challenging 2019.

The shipping company reports a profit of USD 20.5 million on its underlying operations, which was somewhat lower than the USD 72 million in 2018, according to the annual report Thursday.

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