Pacific Basin in new seven ship order

Hong Kong-based Pacific Basin has so much faith in the dry bulk market that the carrier has now ordered seven Handymax and Handysize ships for a total price of USD 169 million.

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.

The same statement says that two of the contracts will be signed around February next year, while the deal with seller B and the two Handysize ships will be signed already this year. The first ship is set to be delivered in 2015 and the last in 2017.

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