Seen from an investor's perspective, it probably makes sense that Pacific Basin has divested almost all of its non-core business units, and that the remainder of the company can focus its efforts on one corporate segment.
Apart from a single RoRo ship on bare boat charter and scheduled to be sold to Italian Grimaldi already this month, the Hong Kong-headquartered carrier with a fleet of around 200 vessels now exclusively works in the bulk industry. The tug boat division has also substantially been divested. The streamlining of Pacific Basin, headed by Swedish CEO Mats Berglund, is first and foremost meant to refocus the company to its core and reshape a profitable business following several quarters of deficits and impairments primarily on its non dry bulk businesses. The hope and expectation from Berglund is that a clear-cut company is more attractive to investors, which can help the listed company raise money, he explains in an interview with ShippingWatch.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Container reliability hit new low at the end of 2021
Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.
Intelligence service warns shipping against cyber attacks due to the Ukraine crisis
Tensions in Ukraine between Russia and the West prompts the Danish Defence Intelligence Service to warn against potential cyber attacks, referring to the NotPetya attack on Maersk in 2017.
Scorpio Tankers sells 14 ships – Hafnia confirms buying 12
Scorpio Tankers sells a total of 14 ships, the product tanker company states on Thursday. Hafnia has taken over 12 of the vessels via a leasing deal, the carrier confirms.
DNB Markets says oil price could hit USD 100 a barrel
An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.
Cadeler secures two new deals
Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.
Financial Controller 
Chief Operating Officer 
Business Development & Commercialization Manager 
Sales Director 
Key Account Manager, Denmark 
Director of Lederne Søfart