Pacific Basin Shipping finished 2020 at a loss during "a year of two halves" — and is now working on growing its fleet, having just purchased another ultramax bulker.
The Hong Kong-listed bulker company booked a $208.2m loss attributable to shareholders, compared with a $25.1m profit for the owner-operator in 2019.
Its net result for 2020 comprises an underlying loss of $19.4m
