Nasdaq-listed Pacific Basin Bulk Shipping launched an addition to its fleet, the Tai Ping Yang at Guangzhou Shipyard International on August 25. The vessel is the sixth in a series of eight 26,500 deadweight tonne (dwt) Handysize bulk carriers to be built by the line. It is scheduled for delivery in the first half of next year. Pacific Basin was acquired recently for US$230 million by Malaysian transport and logistics group, Konsortium Perkapalan (KPB). The Tai Ping Yang was launched by Jane Mahathir, wife of Mirzan Mahathir, group executive chairman of KPB and eldest son of Malaysian Prime Minister Mahathir Mohamad. Pacific Basin's executive chairman Christopher Buttery said the company was pleased to be part of the KPB group, which had an exciting future in Asia 'which we look forward to sharing'. The Tai Ping Yang has been chartered to Bocimar, a subsidiary of Compagnie Maritime Belge, a diversified Belgian shipping company which, prior to the acquisition by KPB, was Pacific Basin's largest shareholder.