Pacific Basin says : “Global Covid-19 containment measures impacted dry bulk trade and our underlying results, but we achieved a positive EBITDA of US$79 million and continued to significantly outperform the market. We have cash and committed liquidity of US$350 million. Freight market earnings have improved since May, and we expect a seasonally stronger albeit volatile second half and generally improved market conditions,”

hellenicshippingnews Monday, August 3, 2020 1:10:00 PM EAT

Pacific Basin said : “The expected impairment will not impact the operations or operating cashflows of the group, which will continue to benefit from a robust balance sheet,” “As at 30 June 2020, the estimated cash balances and borrowings of the group are approximately $316 million and $1,021 million respectively and the net borrowings ratio is approximately 41% against the net book value of owned vessels taking into account the expected impairment”

worldmaritimenews Friday, July 3, 2020 3:49:00 PM EAT

Pacific Basin stated : “These vessels are modern and of high quality with designs suitable for the company’s operations,”

seatrade-global Wednesday, September 18, 2019 5:33:00 AM EAT

Pacific Basin explained : “Upon delivery of the chartered vessels from their respective sellers, such long term time-charter agreements will be terminated and the chartered vessels will become part of the group’s owned fleet. As such, the purchase of these chartered vessels will eliminate long term time-charter costs and replace them with significantly lower owned vessel cash costs, hence benefiting the group’s operating cash flow,”

seatrade-global Wednesday, September 18, 2019 5:33:00 AM EAT

Pacific Basin noted ( about Swine Fever ) : “We expect to see seasonally stronger freight market conditions in the second half of 2019, although with continued volatility influenced by further uncertainty about the US-China trade war, slower economic growth than in recent years and the impact of African Swine Fever on soybean imports to China,”

worldmaritimenews Monday, August 5, 2019 9:35:00 AM EAT

Pacific Basin says : “Global Covid-19 containment measures impacted dry bulk trade and our underlying results, but we achieved a positive EBITDA of US$79 million and continued to significantly outperform the market. We have cash and committed liquidity of US$350 million. Freight market earnings have improved since May, and we expect a seasonally stronger albeit volatile second half and generally improved market conditions,”

hellenicshippingnews Monday, August 3, 2020 1:10:00 PM EAT

Pacific Basin said : “The expected impairment will not impact the operations or operating cashflows of the group, which will continue to benefit from a robust balance sheet,” “As at 30 June 2020, the estimated cash balances and borrowings of the group are approximately $316 million and $1,021 million respectively and the net borrowings ratio is approximately 41% against the net book value of owned vessels taking into account the expected impairment”

worldmaritimenews Friday, July 3, 2020 3:49:00 PM EAT

Pacific Basin stated : “These vessels are modern and of high quality with designs suitable for the company’s operations,”

seatrade-global Wednesday, September 18, 2019 5:33:00 AM EAT

Pacific Basin explained : “Upon delivery of the chartered vessels from their respective sellers, such long term time-charter agreements will be terminated and the chartered vessels will become part of the group’s owned fleet. As such, the purchase of these chartered vessels will eliminate long term time-charter costs and replace them with significantly lower owned vessel cash costs, hence benefiting the group’s operating cash flow,”

seatrade-global Wednesday, September 18, 2019 5:33:00 AM EAT

Pacific Basin noted ( about Swine Fever ) : “We expect to see seasonally stronger freight market conditions in the second half of 2019, although with continued volatility influenced by further uncertainty about the US-China trade war, slower economic growth than in recent years and the impact of African Swine Fever on soybean imports to China,”

worldmaritimenews Monday, August 5, 2019 9:35:00 AM EAT