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Pacific Basin looks to upgrade to larger handysizes

Hong Kong-based bulker owner and operator Pacific Basin says it will look to divest its smaller, older handysizes, replacing them with larger vessels. It has an asset-light and asset-heavy business model

The company says it will resume its acquisitions of secondhand vessels, which had been put on hold in the first half of the year because of dismal market conditions, if it sees ‘compelling’ opportunities

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