Pacific Basin to raise USD 150 million

Listed dry bulk carrier Pacific Basin is planning to generate USD 150.6 million by letting old shareholders purchase new shares at a good price. The funds will be spent on, among other things, acquiring new vessels.

BY NIKLAS KRIGSLUND

Dry bulk carrier Pacific Basin is looking to raise fresh capital.

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Pacific Basin cuts losses in dry bulk
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The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

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French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.

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Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

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Less than one percent of the container fleet is currently idle

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Pacific Basin to raise USD 150 million

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Pacific Basin cuts losses in dry bulk

Pacific Basin CEO sees cautious improvement

Five days of massive losses tremble the bulk industry

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid