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Pacific Basin pursues three new ships

Hong Kong's largest stock listed dry bulk carrier Pacific Basin continues its growth strategy, and the company has used an option to purchase three new handymax ships.

Dry bulk carrier Pacific Basin continues to expand its fleet, and according to a statement, the company is negotiating the purchase of three handymax ships. One ship is a second hand 56,025 dwt at a price of USD 16.65 million, expected to be delivered in 2015. The other two are both newbuildings, at 55,850 dwt, to be delivered in 2015 and 2016, respectively.

"We are looking for opportunities to buy and charter both new and secondhand ships. The Board considers that these vessels can be purchased at attractive prices and that they will be beneficially employed within the Group’s fleet," says the company.

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