Hong Kong-based dry bulk carrier Pacific Basin, a competitor to D/S Norden, will continue to manage its business according to expectations of a weak market on the medium-long term.
"All efforts are going into making the most of our strong dry bulk platform, reducing our costs and delivering maximum contributions in the weak market while safeguarding the Company’s positive EBITDA generation and cash position," notes the carrier in a third quarter trading update.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
EU countries ready for CO2 quota negotiations – but without a shipping fund
After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading system. A proposed special fund for the industry’s transformation does, however, not appear to be on the table.
CBS launches board program for the shipping industry
Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.
G&O Maritime Group buys maritime supplier
G&O’s acquisition is aimed at strengthening the company’s green profile and making a stronger mark internationally.
Maersk Drilling lands contract with Shell in the North Sea
The contract is expected to go into effect in the second half of the year for a duration of two months.
Belships adds two new ships to its fleet
Dry bulk operator Belships has acquired two new ships for a price of USD 15.5m.
Head of Airfreight 
Crewing officer 
Assistant Operations Manager 
Senior Sales Manager 
Safety Leadership & Transformation Manager 
Experienced Bunker Trader - Dubai 
Head of Vessel Operations 
Senior Legal Counsel with a focus on Offshore Renewables