Pacific Basin impairs fleet by USD 200 million

Developments in the first half of 2020 hit Pacific Basin hard, as the Hong Kong-based dry bulk carrier has had to impair the value of its fleet by USD 200 million, evident from the bottom line.

Photo: PR / Pacific Basin

Dry bulk shipping companies did not escape the corona pandemic unscathed, even though the bulk industry is not generally perceived to be among those hit the hardest in the shipping industry.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Tanker companies pay out massive dividends

Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.

Further reading

Related articles

Latest news

See all jobs