ShippingWatch

Pacific Basin prepares for coronavirus to impact earnings

Hong Kong-based dry bulk shipping line Pacific Basin expects the coronavirus to hit the carrier's earnings in the second quarter. However, the company remains confident in a major recovery once the virus is contained.

Photo: PR / Pacific Basin

Dry bulk shipping company Pacific Basin is preparing for the coronavirus to hit the carrier's earnings in the second quarter.

According to the Hong Kong-based shipping line, it succeeded in keeping its earnings level up in the first quarter despite the virus spreading, but second quarter earnings will be hit harder, the company writes in a so-called trading update.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs