Pacific Basin expects to impair fleet and record major loss

Dry bulk shipping company Pacific Basin expects to impair the value of its fleet by nearly USD 200 million, citing the unstable market, the Hong Kong-based shipping company informs Friday.

Photo: Ardmore

Uncertainty in the dry bulk market causes shipping company Pacific Basin to announce a major fleet impairment.

The Hong Kong-based company expects to book a fleet impairment totaling USD 198 million.

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