At a glance

Who We Are

Pacific Basin is a world-leading owner and operator of modern Handysize and Supramax dry bulk ships.

  • We are passionate about our customers, our people and our business.
  • Our vision is to be the global leader in minor bulk shipping and the partner of choice for customers and other stakeholders.
  • We work closely with our customers to understand and meet their individual and changing needs.
  • We strive to deliver an industry-leading localised, tailored and responsive freight service, and we appreciate the value of long-term relationships over short-term gain.
  • We provide around 500 industrial producers, traders and users of dry bulk commodities with a high-quality, reliable and competitive freight service under spot and long-term cargo contracts.
  • Our large fleet of over 200 ships and our network of 12 offices on 6 continents enable a truly global service for all our customers on any route, anywhere, anytime.

Pacific Basin is headquartered and listed in Hong Kong.


A Customer-Focused Business

With you for the long haul

Our business model is customer-focused. We offer a personalised, flexible, responsive and reliable service, and look for ways to make it easier for you to do business with us.

Our customer service is world-class, thanks to the passion shared by all our staff to deliver to the best of their ability.

We offer our customers

  • Reliability
  • Long-term partnership
  • Global knowledge & local presence
  • Face-to-face interaction
  • Responsive action
  • Scale
  • Flexibility
  • Counterparty confidence


Fast Facts


Our Strengths

  • World-leading minor bulk shipping expertise, solid track record and expert understanding of the shipping cycles
  • Customer and cargo-focused business model, high fleet utilisation and time charter equivalent (TCE) earnings premium over market rates
  • Robust cost control, competitive operating costs, conservative gearing and strong financial health
  • Commitment to strong corporate governance – sound internal controls, transparency and accountability to all stakeholders – which underpins everything we do

Together, these strengths enhance confidence in Pacific Basin as a preferred counterparty for our customers and a compelling place to invest.

Our Strategy

We have a focused strategy, robust customer-focused business model and competitive edge, supported by our key drivers:

  • Experienced team working across an extensive global network, sharing a passion for service
  • Close customer partnerships, generating enhanced access to spot cargoes and long-term cargo contracts
  • Large fleet of substitutable ships, facilitating reliable service and scheduling flexibility
  • Strong corporate and financial profile, reflecting a strong cash position and best-in-class governance, CSR and reporting

This leads to outstanding customer service, superior fleet utilisation, and enhanced TCE earnings for our shareholders.

Our Fleet

  • We are ship owners and operators – we own over 100 ships and operate over 100 more under charter.
  • Our fleet of over 200 Handysize and Supramax ships is one of the world’s largest fleets of modern minor bulk ships.
  • We combine our fleet size, global office network and local understanding to provide customers with class-leading service.
  • All our ships are designed and equipped to fit our trades for the long term. Built mainly in Japan, they offer superior reliability, longevity, value retention and fuel efficiency.
  • Our award-winning in-house technical operations facilitate service quality and reliability.


Our Board comprises 9 Directors whose complementary expertise and shared commitment to responsible investment and management practices is harnessed in the best interests of our diverse shareholders and other stakeholders.

  • Chairman and Executive Director David Turnbull was appointed in 2008
  • Chief Executive Officer Mats Berglund was appointed in 2012
  • Chief Financial Officer Peter Schulz joined in 2017

Our Team

We employ over 3,900+ seafarers and 300+ onshore staff


Our corporate headquarters are in Hong Kong, and our global network spans 12 offices across six continents.

Financial Highlights

As at 2020 Interim Results (in USD):

  • $222.4m Net Loss incl. US$198 impairment
  • $26.6m underlying loss 
  • $681.5m revenue
  • $79.2m EBITDA
  • $316.0m Cash Position as at 30 June 2020

Listing Info

Equity Stock:

Pacific Basin shares (Stock code: 2343) have traded on the Hong Kong Stock Exchange since 2004. Our stock is a constituent member of the Hang Seng sub index series and the MSCI index series, and it is eligible for Southbound Trading under the Shenzhen-Hong Kong Stock Connect Programme.

Convertible Bonds:

3.0% Convertible Bonds due 2025 (Stock code: 40097)