Pacific Basin's 2013 result dives to a small profit

One of the world's largest dry bulk carriers, Hong Kong-based Pacific Basin, saw its 2013 result drop to one third of the previous year's profit. The weakest dry bulk market since 1986 carries part of the blame.

The perhaps most important indicator for the dry bulk market, Hong Kong-based Pacific Basin, was left with a 2013 result amounting to less than one third of the result from the previous year.

In 2013 Pacific Basic achieved an underlying result of USD 15.6 million, compared to a USD 47.8 million profit the year before, according to the company's annual report, published today.

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