About Pacific Basin Shipping
Pacific Basin Shipping Limited engages in the provision of dry bulk shipping services through the operation of a fleet of vessels. The company’s fleet comprises approximately 100 vessels directly servicing industrial customers. The company operates in three main maritime segments: Dry bulk, Tug and barge, and Roll on Roll off shipping. Business Handy Bulk Business The company’s dry bulk chartering business operates a fleet of modern handysize and handymax ships under their respective brand names ‘Pacific Basin-IHC’ and ‘Pacific Basin-IHX’. This fleet serves the bulk transportation needs of a range of customers across a range of industries, including agriculture, forestry, mining, manufacturing, and construction. Its handysize and handymax ships carry a range of bulk commodities. Handysize The company’s handysize activities are operated under the ‘Pacific Basin-IHC’ brand. The division operates a fleet of 62 owned and long term chartered ships plus a 11 ships on short term charter giving a total fleet size of 73 ships. Handysize fleet operates a mix of spot and contract business covering periods of between one and ten years, and engages in worldwide trading with a primary focus on the Pacific Rim. Its handysize fleet carried 19.6 million tones of cargo in 2008. Handymax The company’s handymax activities operate under the ‘Pacific Basin-IHX’ brand. It operates 32 vessels, including 2 owned, 13 on long term charter, and 17 on short term charter. PB Towage Pacific Basin’s towage activities are operated under the name ‘PB Towage’. PB Towage operates a total of 17 tugs and 6 barges in Australasia, India and the Middle East. PB Towage Australia provides ship assist harbour towage services in Melbourne, Port Botany (Sydney), Brisbane, and Western Australia using a fleet of eight tugs. In 2008, Pacific Basin acquired Sea-Tow, a regional project towage operator with a fleet of heavy duty tugs and barges headquartered in Auckland, New Zealand. PB Sea-Tow controls five tugs, including a multi-purpose vessel. The remainder of the PB Towage tug and barge fleet is deployed in offshore work in India (one vessel), and on charter to Fujairah Bulk Shipping (three tugs and two barges) transporting aggregates within the Arabian Gulf. Fujairah Bulk Shipping Fujairah Bulk Shipping L.L.C. is the company’s joint venture in the United Arab Emirates. It is jointly owned by Pacific Basin and the Government of Fujairah. PB Ports The company’s China ports and infrastructure unit focuses on the management of its investment in the Nanjing Longtan Tianyu Terminal in which the company holds a 45% interest. PB Maritime Services and PB Tankers The company provides technical management services from Hong Kong and Liverpool for Pacific Basin’s owned fleet and for select clients. PB Maritime Services, Hong Kong, mainly manages dry bulk tonnage whilst Meridian Marine, Liverpool, is primarily engaged in the management of RoRo, offshore and other specialist vessels. PB Maritime Services also maintains crewing offices in Manila and Dalian. The company is also building a presence in Eastern Europe to secure RoRo crews for the long term. History Pacific Basin Shipping Limited was incorporated in 2004.
