Pacific Basin

Pacific Basin & StormGeo Partner To Work Towards Decarbonization

Pacific Basin is on a path toward decarbonization—a sustainable movement sweeping through the shipping industry, reports Xinde Marine News.

Pacific Basin partnered with StormGeo

Pacific Basin, one of the world’s leading owners and operators of modern Handysize and Supramax dry bulk ships, is on a path toward decarbonization—a sustainable movement sweeping through the shipping industry.

As part of this ongoing strategy, Pacific Basin partnered with StormGeo in 2020 to develop a solution that...

https://mfame.guru/pacific-basin-stormgeo-partner-to-work-towards-decarbonization/

Major shipping organisations pledge their support, including Ardmore Shipping, Cargill, Pacific Basin and V.Group

Major shipping organisations pledge their support, including  Ardmore Shipping, Cargill, Pacific Basin and V.Group 

Catherine Spencer, Chief Executive of The Seafarers’ Charity,

LONDON – Wednesday, May 5, 2021: Leading seafarer welfare charities and shipping industry players have launched an emergency relief fund in order to support seafarers and their families devastated by the rampant COVID-19 pandemic in India and other countries.

Seafarers have been the invisible victims of COVID-19, with...

https://allaboutshipping.co.uk/2021/05/05/major-shipping-organisations-pledge-their-support-including-ardmore-shipping-cargill-pacific-basin-and-v-group/

Addition Of Ultramax Vessel By Pacific Basin

Pacific Basin has added another ultramax to its fleet according to brokers, says an article published in Splash247.

The Ultramax Vessel

The Hong Kong shipowner has been named by Intermodal and Advanced Shipping & Trading as the buyer of Oshima-built (2011) ultramax Ultra Wollongong. The vessel has been reported as sold by Japan’s Kasuga Shipping for $13.8m, below its $14.32m market value according to VesselsValue.

Company’s Incorporation

Pacific Basin is expecting four ultramaxes to deliver into...

https://mfame.guru/addition-of-ultramax-vessel-by-pacific-basin/

Shipowner Expecting A One-off Impairment for Its Fleet

  • Pacific Basin has issued a warning to shareholders and potential investors.
  • The company is expecting a one-off impairment of $198m on its handysize fleet.
  • The impairment will drive the company to a significant loss range of $212m to $227m.
  • The impairment will not impact the operations or operating cash flows of the company.
  • Weakness in demand coincided with continued dry bulk fleet growth and limited scrapping.
  • The average Baltic Handysize Index averaged US$5,590 per day net compared to...

https://mfame.guru/shipowner-expecting-a-one-off-impairment-for-its-fleet/

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