Pacific Basin Sells Three

Pacific Basin this month publicly disclosed the sale of three handysize vessels built in 2000-2001 for between US$18-19 million per vessel. The aggregate consideration of US$55.6 million was paid entirely in cash. The company notes in a release that the amount was determined with reference to intelligence gathered from shipbrokers in addition to its own analysis of recently concluded sale and purchase transactions of vessels of comparable size and year of build in the market.

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