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Pacific Basin eyes strong market continuing beyond 2022

A strong dry bulk market turned a deficit around to the largest profit ever for major Hong Kong-based line Pacific Basin in 2021. The carrier sees strong trends lasting longer than for just this year.

2021 saw Hong Kong-based carrier Pacific Basin appoint former Ultrabulk profile Martin Fruergaard as CEO. | Photo: Cyprus Shipping Deputy Ministry / PR

Pacific Basin joins the group of dry bulk shipping lines with record results for 2021, and the Hong Kong-based carrier is confident that there’s more to be gained both this year and beyond.

The upturn has proven favorable to Pacific Basin, which in 2021 turned a deficit from the preceding year into a plus and the ”best results in our 34-year history.”

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