Pacific Basin Shipping Limited

Pacific Basin is proud to announce that we have contracted to build four 64,000 dwt Ultramax low-emission vessels (“LEVs”) of the newest and most fuel-efficient design and with dual-fuel engines that operate on green methanol as well as sustainable biodiesel and conventional fuel oil. The vessels will be built by Nihon Shipyard Co. in Japan with delivery between 2028 and 2029.   This deal marks the beginning of a third phase of collaboration with Japanese partners Nihon Shipyard Co. and Mitsui & Co. following a detailed joint-study into the suitability of alternative green fuels for our ship types, and the subsequent development of an efficient dual-fuel methanol Ultramax ship design.   The deal also represents a major milestone in our long-term plan to transition to net zero emissions by 2050 and comply with increasing decarbonisation regulations along the way.   We have also entered into an MOU with Mitsui & Co. that will give us access to volumes of green methanol to enable our fleet to comply with coming FuelEU Maritime rules and expected IMO rules that will mandate the gradually increasing use of sustainable fuels.   Please see our press release for further details: https://bit.ly/PB_LEVs   #PacificBasin #LowEmissionVessels #DualFuelLEVs #GreenMethanolMarineFuel #EnvironmentalResponsibility #SustainabilityInShipping #WithYouForTheLongHaul

Earlier this month, the 12th Pacific Basin Soccer Sixes tournament was held at the Hong Kong Football Club, with over 300 members of the shipping community competing for different trophies. Congratulations to Clipper Bulk and CMES for winning the cup and plate titles! Thank you for all the players who took part, with credits going to YPSN (HK) Limited for organising such a successful event! #PacificBasin #WithYouForTheLongHaul #SoccerSixes

Last Friday, we turned the rooftop of our Hong Kong headquarters into a vibrant party venue, inviting our esteemed customers, vendors and stakeholders for an evening brimming with refreshment, fine wine and good laughs. Our staff and around 300 guests enjoyed the entertainment of a live band and breathtaking views of the mountains and Deep Water Bay. A sincere thank you to everyone who came and made this event truly memorable! #PacificBasin #WithYouForTheLongHaul

In our dedication to improving the welfare and overall quality of life for our seafarers, we previously announced the rollout of Starlink's high-speed internet service across our owned fleet. We are thrilled to share that, through one of our Starlink service providers Navarino, we have become part of the Starlink Tree hub sustainability initiative. This initiative plans to plant 50 trees for each Starlink unit purchased, allowing us to support the environment while enhancing the wellbeing of our invaluable crew members. The trees will be planted in a dedicated reservation in Honduras as part of a 96,500-hectare landscape restoration initiative. This project aims to protect water resources, prevent forest fires, restore landscape connectivity, and strengthen climate resilience. Since joining the initiative, we have already planted 150 trees and counting! #PacificBasin #WithYouForTheLongHaul #EnvironmentalResponsibility #Starlink #SustainabilityInShipping #ResponsibilityToOurPeople

Pacific Basin sends our heartfelt wishes to you this Diwali – the Festival of Lights! Celebrated worldwide on the night of the new moon, Diwali marks the victory of light over darkness and good over evil. Let’s unite with our loved ones to create unforgettable memories during this radiant festival. Wishing you a joyful and prosperous Diwali! #PacificBasin #WithYouForTheLongHaul #Diwali

We recently hosted our Officers’ seminar in Dalian, where we focused on important topics like safety culture, safe navigation, MARPOL regulations, ship maintenance and the common challenges our fleet faces. A total of 63 senior officers participated, engaging in lively discussions that allowed them to share their perspectives and deepen their understanding of best practices. A heartfelt thank you to all participants and speakers for your invaluable contributions to this seminar! #PacificBasin #WithYouForTheLongHaul #OurHeroesAtSea #TrainingAndDevelopment

We are pleased to share that Pacific Basin recently achieved more success at the Hong Kong ESG Reporting Awards (HERA) 2024, winning three Grand Awards and one Commendation. -       Grand Award for Best ESG Report (mid-cap) -       Grand Award for Excellence in ESG Governance -       Grand Award for Excellence in Social Positive Impact -       Commendation for Excellence in Environmental Positive Impact This was our first win in the category of Grand Award for Excellence in Social Positive Impact, recognising our commitment to going beyond social compliance, creating value for our colleagues ashore and at sea and other stakeholders, and making positive impacts towards achieving social-related United Nations Sustainable Development Goals. Thank you to all our PB colleagues and crew members for your efforts to make this happen! #PacificBasin #WithYouForTheLongHaul #Sustainability #SustainabilityInShipping #ESG

We have announced our 2024 Third Quarter Trading Update: Our Core business generated average Handysize and Supramax TCE earnings of US$13,740 and US$12,220 per day in the third quarter, representing a year-on-year increase of 35% and 6% respectively. Our operating activity also contributed positively, achieving a margin of US$1,300 per day over 6,950 operating days in the third quarter, representing an increase of 12% and 2% year-on-year respectively. Since the commencement of our share buyback programme in May 2024, we have repurchased approximately 105.8 million shares for a consideration of approximately US$31.7 million (79%). We extend our thanks to our loyal seafarers and shore-based staff. Their dedication and skill are key to our success. Please see our 3Q24 Quarterly Trading Update for further details. https://bit.ly/PB_3Q24_E #PacificBasin #WithYouForTheLongHaul

Delivering exceptional service to our customers remains one of our highest priorities, and nothing brings us more joy than witnessing their satisfaction! Recently, our cargo loading on MV. Gold River garnered praise from our valued customer, Captain Dennis D. Porras of CNS Shipping. He commended our commitment to safety, attention to detail, professionalism and efficiency, along with the outstanding communication and coordination between the stevedores and the ship's crew. A big thank you to the entire crew on MV. Gold River for your remarkable efforts! #PacificBasin #WithYouForTheLongHaul #OurHeroesAtSea #CargoLoading #CustomerAppreciation

Today, we join the global maritime community in celebrating the World Maritime Day, a day dedicated to recognising the crucial role of maritime trade in connecting the world. This year's theme, "Navigating the future: safety first!”, highlights the importance of maritime safety, security and the protection of the marine environment. At Pacific Basin, we want to extend our heartfelt gratitude to our incredible seafarers, your dedication and hard work are the backbone of our operations. We recognise your sacrifices, spending long periods away from your families and loved ones, to keep the world connected through maritime trade, ensuring that goods are transported safely and efficiently across the globe. Together, let’s continue to navigate towards a greener and more connected world! #PacificBasin #WithYouForTheLongHaul #WorldMaritimeDay #OurHeroesAtSea #ResponsibleValueCreation