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Pacific Basin interim profit slides 57%

Pacific Basin interim profit slides 57%

Hong Kong: Handysize operator Pacific Basin saw net interim profits slide 57% to US$36.4m amid lower freight rates. Revenues were $0.5m down year-on-year to $140.4m. This year has seen Pacific Basin embrak on handymax business to go alongside its handysize niche. [22/08/06]

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