We are a nimble and dynamic organisation with quick decision making at all levels
Our History

First founded in Hong Kong in 1987, Pacific Basin has always been a specialist Handysize bulk carrier owner and operator. While we have also engaged in other secondary lines of maritime-related business, we are today fully focused on our Handysize and Supramax owning and operating activities where our world-leading expertise, track record and reputation lie.

1987
  • Pacific Basin was founded in Hong Kong as a specialist Handysize bulk carrier operator
1994
  • Pacific Basin Bulk Shipping Ltd listed on NASDAQ
1996
  • The Company was purchased and privatised by a third party
1998
  • The founding management team relaunched Pacific Basin Shipping Ltd
1999
  • Private equity investment allowed Pacific Basin to grow its fleet through acquisitions and newbuildings
2000
  • The Company acquired the technical management operations of Jardine Ship Management
2001
  • Pacific Basin established a Handysize pool called International Handybulk Carriers (since renamed Pacific Basin Dry Bulk)
2004
  • The Company was reorganised into today's corporate structure in preparation for IPO
  • Pacific Basin listed on the Hong Kong Stock Exchange on 14 July raising US$72 million
  • Regional offices were established in London and Melbourne
2005
  • Dalian, Tokyo and Vancouver offices were established
2006
  • Share placement raised US$157 million
  • Beijing and Dubai offices were established
  • Fujairah Bulk Shipping joint venture was established to service marine infrastructure development in the Middle East
2007
  • Joint venture established with Nanjing Port Group to construct and operate a new general cargo terminal in Nanjing
  • Auckland & Santiago offices were established
  • Pacific Basin became a constituent of MSCI World Index
  • Pacific Basin diversified into harbour towage with establishment of PB Towage in Sydney, with operations to follow in Fremantle (2009) and Gladstone (2010)
  • US$390 million raised through convertible bond issue (stock code: 1606)
2008
  • The Company diversified further with investments in Roll-on Roll-off (RoRo) ships
  • Pacific Basin acquired Sea-Tow to expand its new towage business into offshore support
  • Fleet emission reduction targets were established which surpassed existing regulatory requirements
  • US$275 million raised in share placement
2009
  • PB Towage entered into OMSA joint venture to supply towage logistics services to the Gorgon Project, a major offshore gas project off Western Australia
  • Share placement raised US$98 million
2010
  • Purchase of 10 newbuilds increased Pacific Basin's owned, operated and newbuild fleet to 180 vessels
  • Convertible bond issue raised US$230 million (stock code: 4319)
2011
  • Stamford and Durban regional offices were established
  • Captain Zhu Qianchun named Seafarer of the Year by Lloyd's List
  • Pacific Basin wins Lloyd's List Environmental Award (global) for its investment in energy-efficiency and green technologies and practices
2012
  • Pacific Basin commenced its exit from non-core businesses to focus on its dry bulk strengths
  • Company announced its strategic exit from RoRo business: fleet of six RoRo ships were sold with forward delivery through 2015 with buyer to charter the ships in the interim period
  • Convertible bond issue raised US$124 million (stock code: 4573)
  • Company sold PacMarine Services and its investment in Nanjing cargo terminal
2013
  • RoRo categorised as a discontinued operation
  • Secured Japanese Export Credit Financing of US$51 million
2014
  • Dubai chartering office was established
  • Irene Basili was appointed as new INED and our first female board member
  • Pacific Basin was awarded BIMCO Shipping Company of the Year
  • US$350 million raised through Japan Export Credit Financing for 18 Bulk Carriers
  • Company sold its shares in OMSA and the harbour towage business
2015
  • US$125 million raised through convertible bond issue (stock code: 5525)
  • Company's last RoRo vessel delivered to its new owner and its exit from RoRo sector is complete
2016
  • US$143 million raised through rights issue
  • Share issue arrangement with 10 shipowners saves Pacific Basin US$12.6 million in charter-hire cash outflows over 2 years
2017
  • Opening of a commercial office in Rio de Janeiro, Brazil