Bulk

Pacific Basin sticks to optimism despite major rate dip

A slim order book creates good prospects for the dry bulk market, writes Pacific Basin after a third quarter with significantly lower freight rates.
Martin Fruergaard is the CEO of Pacific Basin, based in Hong Kong. | Photo: Cyprus Shipping Deputy Ministry / Pr
Martin Fruergaard is the CEO of Pacific Basin, based in Hong Kong. | Photo: Cyprus Shipping Deputy Ministry / Pr
by LIV ALMER

The dry bulk market has plummeted over the past year — a development that can be clearly seen in the latest update from Hong Kong-based shipping company Pacific Basin.

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