Pacific Basin Shipping Limited (“Pacific Basin” or the “Company”, 2343.HK), one of the world’s leading dry bulk shipping companies, is pleased to announce the successful purchase of four second-hand Ultramax vessels, one second-hand Supramax vessel, and one second-hand Handysize vessel as part of on-going efforts to grow and renew our fleet.
During 2022 asset prices approached historical highs which allowed us to sell eight of our smaller older Handysize vessels crystallising value and further...