Greater China

Pacific Basin expands fleet

Hong Kong: Pacific Basin has announced that the company has acquired a newbuild handysize vessel at a cost of US$23.9m from Giant Line.

The ship is due for delivery between August 2016 and March 2017.

The company is looking for opportunities to buy and charter both new and secondhand ships, vessels purchased at attractive prices to be employed for the long term, the company said in a statement.

Earlier this month, Pacific Basin has purchased three newbuilding handysize vessels from Giant Line at the total price of US$69.75m. [24/02/14]

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