The upturn gathers momentum for Pacific Basin and Fruergaard

In an update, dry bulk major Pacific Basin, spearheaded by new CEO Martin Fruergaard, assesses in words and numbers the upturn that the dry bulk industry – as well as the carrier itself – finds itself in. And it's gathering momentum.

Photo: Danske Rederier

The upturn in the global dry bulk industry has only continued after the summer, and it will continue to do so when looking ahead. This was the verdict yesterday from the Capital Link Forum on the bulk industry, and now Pacific Basin CEO Martin Fruergaard confirms the trend in words and numbers.

An update released by the Hong Kong-based bulk operator shows that the company has had its strongest quarter since 2008.

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