ShippingWatch

Martin Fruergaard sees multi-year upturn ahead for Pacific Basin

Martin Fruergaard has not even spearheaded Pacific Basin for a year, and yet, he is fully reaping the benefits of the carrier’s business model. ShippingWatch has interviewed the CEO about his expectations in a global industry confronted with new geopolitical risks.

Photo: Cyprus Shipping Deputy Ministry / PR

Pacific Basin posted its annual report on the same day Russia invaded Ukraine, and, probably, the time of publication coincided with when Vladimir Putin ordered his troops to initiate the invasion of the country.

At opening business hours in Hong Kong Feb. 24, no one could foresee what would occur only a few hours later in Europe, when troops stationed on the borders of Ukraine began an invasion and a war against the country.

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