Pacific Basin Shipping has made its second significant enbloc cash and shares transaction in under a year as it continues to grow and renew its own fleet.
Hong-Kong-listed Pacific Basin has bought two supramaxes and a pair of handysize vessels in a deal worth $88.5m.
The ships are a mixture of trading vessels and resale tonnage from Imabari Shipbuilding and Tsuneishi Shipbuilding, which became shareholders in Pacific Basin following a similar five-ship deal last August.
