Friday, 04 August 2017 10:31

Pacific Basin to acquire five ships

470 PB

Pacific Basin Shipping Limited has announced a conditional agreement to acquire four secondhand dry bulk vessels and one resale newbuilding. The acquisition is contingent on the Hong Kong Stock Exchange's approval of the listing of the vessel consideration shares and the placing shares respectively, which is expected to be granted soon to allow for the delivery of the vessels between mid-August and end December of this year.

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