Following the purchase of five dry bulkers in August, Pacific Basin Shipping Limited is exploring more acquisitions of second-hand tonnage lured by attractive prices.
“We will continue to look at attractive secondhand ship acquisition opportunities if they can generate a reasonable payback at prevailing asset prices and freight earnings,” Mok Kit Ting, Kitty, the company’s Secretary, said in a third-quarter trading update.
Three of the five recently bought second-hand vessels have been delivered into Pacific Basin’s fleet during the quarter, with one more to follow later this year and another in the first quarter of 2018.
