Pacific Basin Shipping Limited

Pacific Basin mulls selling assets

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 upbeat on financing prospects

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

Dry times for Pacific Basin

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

Anti-piracy consultants in search of Asian clients

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

MCS to fuel Seanergy's Asian push

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

Pacific Basin Shipping cements gains

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

Newcomer wins with its open attitude

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

Appointments

Owen Jones

Partner, Corporate and Commercial Group, Hong Kong

Appleby

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.

Karen Sin

Hong Kong station manager

15 Dec 2007 - 12:00am

Company profile - Pacific Basin Shipping

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 to buy more vessels

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

Chart a course in this challenging career

A leading provider of bulk shipping services and logistics for major international commodity groups is looking for an information junkie who can not only find the right information but also understand its implications.

13 Jan 2007 - 12:00am

Pacific Basin seeks to lock up capacity

Shipper says forward contracts will stabilise future earnings

Niche specialist Pacific Basin Shipping will aim to sign forward contracts to cover 60 per cent of its available fleet capacity next year as it looks to secure a stable revenue stream in the potentially volatile bulk shipping market.

6 Sep 2005 - 12:00am

Pacific Basin nets $26m in ship deal

Niche bulk cargo specialist Pacific Basin Shipping yesterday booked a profit of $26.6 million after agreeing to sell five of its vessels and hire them back under 10-year charter arrangements at undisclosed rates.

20 Aug 2005 - 12:00am

Pacific Basin dips into IPO chest to buy three vessels

The bulk shipping specialist is rapidly expanding its relatively young fleet

Newly listed bulk shipping specialist Pacific Basin Shipping yesterday shelled out US$53.3 million to add three vessels to its growing handysize fleet, making quick use of capital raised in last month's HK$1.09 billion initial public offering.

6 Aug 2004 - 12:00am

Guangdong in US$120m bulkers deal

PACIFIC Basin Shipping and Trading Co has firmed up options to build six more Handysize log-bulk carriers in a US$120 million deal with Guangdong Shipyard International.

Pacific Basin director and general manager Paul Over said long-term charters were taken for four ships and negotiations in progress for the other two.

24 Nov 1993 - 12:00am