Pacific Basin projects significantly better 2015 result

Hong Kong-based dry bulk carrier Pacific Basin, headed by Swedish Mats Berglund, expects to be able to present a full-year 2015 result with a significantly reduced deficit compared to 2014.

Pacific Basin, which in North European dry bulk circles is known for, among other things, having supplied the current as well as former (interim) CEO of competitor Norden, expects to deliver a somewhat modest deficit for the full year 2015.

The executive group at the Hong Kong-based carrier, with which several European dry bulk players benchmark themselves, has held a managerial meeting after which the group has updated its assessment of the market as well as expectations for the full year.

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