Pacific Basin expects losses on hefty impairments
Hong Kong-based bulker owner Pacific Basin expects to record a loss in the first half following impairments totalling $198m related to its smaller, older handysize fleet, according to an internal review. Actual results will be released on July 30
The company expects a net loss of $212m to $227m in the first half of the year versus a profit of $8m in the year-earlier period
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