Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Pacific Basin sees profits slide

Pacific Basin sees profits slide

Hong Kong: Hong Kong-listed handy operator Pacific Basin Shipping saw 2009 net profit fall more than 73% to US$110.3m.  Revenues slid to US$950.5m in 2009, against almost US$1.7bn in 2008.
Senior management revealed the firm has secured contract cover for 64% of its combined handysize and handymax revenue days in 2010. More importantly, according to a research note from JP Morgan this morning, management is now neutral on 2010's industry outlook (from negative previously) and positive beyond 2011.   [03/03/10]


Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg