Pacific Basin cuts losses in dry bulk

Dry bulk carrier Pacific Basin was able to limit its underlying losses in 2015 to USD 27.8 million after the carrier, following the sale of its RoRo and towage activities, is now fully focused on dry bulk.

Photo: Pacific Basin

After a year in which Pacific Basin divested activities unrelated to dry bulk, an underlying 2014 deficit of USD 55.5 million has now been reduced to a deficit of USD 27.8 million in 2015, according to the carrier's annual report, just published.

Pacific Basin's combined loss for 2015 came to USD 18.54 million against a loss of USD 279.74 million in 2014.

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