Pacific Basin sticks to the part of shipping it knows best, keeps a tight grip on debt and payouts, and now makes an early push toward cleaner fuel as new pollution rules bite. A big new shareholder and a shortage of new ships could lift demand and earnings, but the shipping cycle and the risk of a misstep on green methanol still loom.Read more
Pacific Basin faces a tricky mix of weak shipping demand, too many new ships coming onto the water, and rising costs from changing trade rules and tougher pollution standards. But its lean operations, fleet upgrades, and shareholder-friendly payouts could help it hold up better than rivals if the market turns in its favor.Read more
Catalysts About Pacific Basin Shipping Pacific Basin Shipping operates one of the world's largest modern Handysize and Supramax dry bulk fleets, serving over 600 industrial cargo customers globally. What are the underlying business or industry changes driving this perspective?Read more
Catalysts About Pacific Basin Shipping Pacific Basin Shipping operates a large fleet of Handysize and Supramax dry bulk vessels focused on minor bulk and grain cargoes. What are the underlying business or industry changes driving this perspective?Read more
Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services in Hong Kong and internationally. The company offers shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap. It also offers shipping consulting, crewing, secretarial, ocean shipping, ship agency, and operation and management services. In addition, the company is involved in the vessel owning and chartering, and convertible bonds issuing activities. It has a fleet of 250 owned and chartered vessels, including 1 Capesize, 106 Handysize and Supramax/Ultramax vessels. The company was founded in 1987 and is headquartered in Wong Chuk Hang, Hong Kong.
