Pacific Basin Shipping has expanded its owned fleet with the purchase of six secondhand bulkers for $125m in cash from Ultrabulk.
The Hong Kong-based owner and operator of 263 supramaxes and handysizes has acquired four ultramaxes, a supramax and a handysize, all of which were built after 2011.
Three of the ultramaxes — a 61,500-dwt ship and a 61,400-dwt vessel built in 2012 and a 61,200-dwt bulker built in 2016 — were constructed at Imabari Shipyard in Japan.
