Pacific Basin linked with another bulker buy

Pacific Basin linked with another bulker buy

Hong Kong owner Pacific Basin has made its second acquisition in a week according to brokers.

Seasure Shipbroking reports that the company has paid $14.5m to Japan’s Tachibanaya Co for 2011-built supramax Ghent. The Tsuneishi Zhoushan-built vessel is valued at $13.96m by VesselsValue.com.

Last week, Splash reported that Pacific Basin had snapped up a pair of ultramaxes from Tufton Oceanic.

Pacific Basin recently said in its annual report that it will continue to opportunistically buy good quality secondhand ships.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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