Pacific Basin Shipping is putting a 'For Sale' sign on its non-core shipping operations to focus on profitable dry bulk and towage businesses, senior executives said yesterday.Friday, 20 April, 2012, 12:00am
Pacific Basin Shipping, which may need to raise up to about US$225 million to finance existing ship purchases, expects to find the cash despite the likelihood of a fall in bank lending to the shipping industry.3 Mar 2012 - 12:00am
Pacific Basin Shipping, which specialises in shipping dry bulk cargo and towage, is facing a weaker dry cargo market this year with lower rates overall compared with last year, senior executives said yesterday,
Chief executive Klaus Nyborg said the dry bulk sector was in 'its darkest hour'.2 Mar 2012 - 12:00am
One of the largest companies providing armed guards for shipowners is to open an office in Hong Kong next month to help develop closer business links with Asian shipowners.
Commenting on the move, Paul Gibbins, director of communications for Protection Vessels International, said: 'We are looking for further opportunities in that part of the world.'17 Jul 2011 - 12:00am
Greek shipowner Seanergy Maritime Holdings plans to seek further opportunities in Asia after taking full ownership of Hong Kong's handysize bulk carrier operator, Maritime Capital Shipping (MCS).
Dale Ploughman, chairman and chief executive of the New York-listed company, said: 'Having an office in Hong Kong enables us to investigate market opportunities in the Far East.'18 Sep 2010 - 12:00am
Shares in dry-bulk ship operator Pacific Basin Shipping rose almost 1.8 per cent to HK$5.71 yesterday following Thursday's gain of about 6per cent. Daiwa Institute of Research analyst Geoffrey Cheng said the resurgence followed a rebound in the Baltic Dry Index, coupled with the general recovery in the Hong Kong stock market.24 Jul 2010 - 12:00am
Conventional business wisdom has it that communicating with shareholders is an important function that every company must do, and often this is the process that separates the good from the great.4 Nov 2008 - 12:00am
Partner, Corporate and Commercial Group, Hong Kong
Mr Jones has more than 10 years of experience in all aspects of offshore work including asset finance and project finance. He is widely recognised as being a leading aircraft finance lawyer.
Hong Kong station manager15 Dec 2007 - 12:00am
Pacific Basin Shipping's principal activity is the provision of dry bulk shipping services carried out internationally through the operation of a fleet of vessels.11 Jun 2007 - 12:00am
Pacific Basin Shipping, the world's largest handysize vessel operator, says it will acquire more dry bulk ships to cope with growing demand for commodities, despite seeing a 25 per cent drop in net profit last year as its freight rates fell and fuel prices soared, more than eroding gains in sales.6 Mar 2007 - 12:00am