Hong Kong-listed Pacific Basin has announced that it has recently purchased an eight year old 32,000dwt Japanese-built handysize log/bulk carrier.
The company said the deal is expected to generate a positive cash contribution to the business once the ship commences operation in its fleet in early 2016.
In the meantime, Pacific Basin estimates that it will register a net loss between $5m and $20m for the year of 2015, greatly narrowed from a net loss of $285m in 2014.
