Pacific Basin lost USD 15.4 million on dry bulk

Pacific Basin describes the first six months of 2015 as the worst half year ever experienced by the industry.

BY OLE ANDERSEN

Management of Hong Kong-based dry bulk carrier Pacific Basin describes the first six months of 2015 as the worst half year ever experienced by the industry, according to the second quarter interim report, published Thursday. Even though the group in this period delivered a USD 5.8 million net result, following a deficit of USD 90.7 million in the same period last year.

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Pacific Basin to raise USD 125 million through bond loans
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Pacific Basin hit with huge deficit from weak market
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Pacific Basin performs USD 132 million impairment
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Pacific Basin lost USD 15.4 million on dry bulk

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Pacific Basin to raise USD 125 million through bond loans

Pacific Basin hit with huge deficit from weak market

Pacific Basin performs USD 132 million impairment

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs