Strong harvest boosts Pacific Basin in third quarter

The bulk market has significantly improved this year since the rock-bottom rates in the first quarter, writes Pacific Basin in a market update. The Hong Kong-based bulk player beats the market in the third quarter, but is struggling to sell its tugs.

BY DANIEL LOGAN BERG-MUNCH

The crisis-struck bulk market is gradually seeing improvement, and the trend is particularly evident compared to the historically low market that characterized the first quarter this year.

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