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Pacific Basin tripled its deficit in 2016

The deficit grew in 2016 for Hong Kong-based dry bulk carrier Pacific Basin, which took a hit from all-time low rates. The carrier has raised fresh capital to pad itself for a 2017 which also looks set to be difficult.

The all-time low dry bulk market in 2016 made Pacific Basin's deficit grow considerably.

The Hong Kong-based dry bulk carrier published its annual report on Tuesday, which shows a deficit three times as big as in 2015.

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