Dry bulk specialists Pacific Basin has so much faith in the fact that the market for smaller bulk vessels will become a solid and profitable business, that the carrier has decided to purchase seven Handymax and Handysize ships, for a total of USD 169 million. The brief to the stock exchange does not reveal the identity of the three sellers, but the brief notes that, divided between sellers A, B, and C, the figures amount to USD 53 million for two Handymax ships from seller A, USD 45.84 million for two Handysize from seller B, and USD 69.75 million for three Handysize from seller C.