Pacific Basin adds third ship this year

Pacific Basin adds third ship this year

A few weeks after picking up a handy from troubled United Ocean the , 31,000 dwt Global Peace, Hong Kong listed Pacific Basin strikes again, this time adding a slightly smaller ship, the 29,000 dwt Valente Angel in what brokers note as a private sale with no price reported. Online portal VesselsValue sets the market value for the Japanese built ship in the high $7m range.

The ship is the third vessel the Mats Berglund-led company is reported buying this year, recently adding one 2011- and one 2010-built ship from its Japanese friends. This latest ship fits Pacific Basin’s fleet profile that counts 100 ships with an average age of eight years . The seller of the 2007-built ship, Shoei Kisen, is listed with 22 handies in it its fleetlist. The Valente Angel is the oldest of them all.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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