Pacific Basin acquires seven newbuildings

Hong Kong: Hong Kong-based bulk carrier owner, Pacific Basin, is purchasing seven newbuildings for a total amount of $168.58m.

The transactions includes two 55,000 dwt newbuilding handymax vessels from Sumitomo Corporation at a total consideration of $53m, two 37,400 dwt newbuilding handysize vessels from Mistui & Co for $45.84m and three 37,500 dwt newbuilding handysize vessels from Giant Line for of $69.75m.

The company is looking for opportunities to buy and charter both new and secondhand ships, the vessels can be purchased at attractive prices and will be beneficially employed in the company’s fleet for the long term, the company said in a statement. [13/11/29]

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