Hong Kong minor bulk specialist, Pacific Basin have purchased four 2015-built dry bulk vessels for a total US$67m. All four ships are scheduled for delivery late-April 2021.
The latest acquisitions are in line with the company’s previously announced resumption of fleet expansion of the owned fleet with larger, modern second-hand vessels, focusing especially on adding Supramax and Ultramax ships and trading up its smaller, older Handysize vessels to newer ships with larger carrying capacity. The latest transaction will be funded from Pacific Basin’s cash reserves.
Chief executive officer, Pacific Basin, Mats Berglund, said:
“This is an excellent opportunity to expand our fleet with several high-quality, larger ships at an attractive price. We consider these vessels to be well constructed and efficient ships of excellent design for our trades. The four sister vessels each have cargo carrying capacities of over 61,000 dwt and are Kawasaki Heavy Industry designs built by Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS), which is a joint venture between Kawasaki Shipbuilding Corporation and COSCO. All four ships are fitted with scrubbers and ballast water treatment systems, and two are equipped to carry logs.”
Source:hongkongmaritimehub
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