Shipping firm Pacific Basin has approved the acquisition of seven new building Handymax and Handysize vessels.
The order includes two 55,000DWT Handymax vessels from Sumitomo for a total consideration of US$53 million, two 37,400DWT Handysize vessels to be built by Mitsui for a total of US$45.84 million and three 37,500DWT newbuilding handysize vessels from Giant Line worth approximately US$69.75 million.
