Pacific Basin adds another ultramax

Pacific Basin has added another ultramax to its fleet according to brokers. The Hong Kong shipowner has been named by Intermodal and Advanced Shipping & Trading as the buyer of Oshima-built (2011) ultramax . The vessel has been reported as sold by Japan’s Kasuga Shipping for $13.8m, below its $14.32m market value according to VesselsValue. …

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