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FAQ
Who we are
What we do
  • Q1. What do we do in the dry bulk business?
  • Through our large fleet of modern, shallow-draft and crane-fitted Handysize and Supramax bulk carriers, we transports a broad range of bulk commodities and break-bulk cargoes to both major and less accessible ports around the world.
  • Q2. How do we operate in the dry bulk business?
  • Pacific Basin has a reputation as a leading supplier of industrial freight services globally through a largely fleet of owned and chartered ships which we operate in-house. Our customers include the biggest names in mining, forestry products, agriculture and the trading of minerals, metals and commodities.
  • Q3. What are Handysize and Supramax vessels?
  • Handysize and Supramax bulk carriers are highly versatile ocean-going ships
    1. Handysize and Supramax ships can respectively carry 25,000-40,000 and 40,000-65,000 metric tonnes of cargo
    2. Five cargo holds – each has the volume of up to 6 Olympic swimming pools Our ships’ size and equipment are well suited to carrying a broad range of commodities – mainly in bulk but also in bagged or bundled form – such as grain, fertiliser, steel and logs
    3. Four cranes with 30 ton lifting capacity – that’s enough to lift 30 compact cars Cranes enable self-loading and discharging in regions lacking sophisticated cargo handling infrastructure such as the ecologically sensitive logging rivers of the Pacific North West and ill-equipped ports in parts of the developing world
    4. Our ships are 170-190 metres long and 27-32 metres wide – that’s the area of more than 15 tennis courts Their relatively "handy" proportions allow them access to many ports around the world including those restricted by shallow water, locks, narrow channels and tight river bends
    5. While still large ships, their hulls only requires a depth of 10-12 metres when fully loaded
  • Q4. What cargoes we carry on our dry bulk vessels?
  • We transport a highly diversified mix of dry bulk cargoes that are sourced from a variety of industrial commodity producers and end-users around the world. Please refer to Customers – Cargoes & Trade Routes section for more details
  • Q5. Who are our customers?
  • Our customer-focused business model facilitates strong relationships with over 400 industrial commodity producers and end-users all over the world. They include the biggest names in mining, forestry products, agriculture and the trading of minerals, metals and other commodities.
  • Q6. Where are our offices located?
  • Pacific Basin has a global presence with headquarters in Hong Kong and offices in Dalian, Tokyo, London, Durban, Vancouver, Auckland, Melbourne, Manila, Rio de Janeiro, Stamford and Santiago. Please refer to Customers – Our Global Network for details.
  • Q7. How many people in the crew of each ship?
  • We typically employ 20-24 crew members on each of our dry bulk ships ranging from the Master and Chief Engineer to Ordinary Seamen, officer cadets and trainee ratings. “22 Crew, 22 Owners” is a home-grown concept through which we empower and motivate our crew to manage our vessels with a pro-active safety culture, acting to mitigate risk in every task on board.
  • Q8. What are the BDI / BSI / BHSI?
  • Please refer to Investors – Industry Information section.
  • Q9. What is the difference between dry bulk shipping, container shipping and tankers?
  • Dry bulk ships, container ships and tankers are very different vessels that carry different cargoes in different forms while running usually quite different business models. Typically dry bulk ships carry major and minor bulk commodities and raw materials (such as coal, iron ore, other mineral ores, grains, dry fertilisers, etc.) while container ships carry containerised manufactured products and tankers carry oil and gas.
  • Q10. How is Pacific Basin committed to the corporate social responsibility?
  • We recognise that our leadership position in our industry and our ambition come with responsibility in a number of areas. In this vein, we are committed to maintaining high standards of corporate social responsibility through our pursuit of excellence in the areas of Environment, Workplace and Community.

    In summary, our commitment takes the following forms:
    1) Environment:
    Understand and minimizing our impact on the environment through adoption of energy-efficient and environmentally-friendly ship designs, technologies and practices at sea and ashore
    2) Workplace:
    Looking after our people by ensuring their safety, fostering a happy and fulfilling workplace, and nurturing our talent and harnessing their performance potential
    3) Community:
    Ensuring our responsible behavior in the communities in which we are present, from our engagement in the shipping industry, to anti-corruption in the business world, to positive contributions to worthy causes closest to our business

    Please refer to Sustainability – Corporate Social Responsibility section for more details.

Investor Relations
Annual General Meeting and Shareholders' questions
  • Q1. What is an Annual General Meeting (AGM)?
  • An Annual General Meeting is a meeting of the members held annually by the Company at which every registered holder of the Company is entitled to attend and vote.
  • Q2. When is the date for the next AGM?
  • Please refer to the Investors – Corporate Calendar section for details.
  • Q3. Why would the Board need a general mandate to issue shares?
  • It is usual practice for the Company to seek for a general mandate to issue shares at each AGM since the grant of which will give flexibility for the Company to raise additional capital in the forthcoming year (without having to seek for shareholders’ approval by convening a general meeting) in case of need for its business plan, such as acquisition of additional vessels etc.
  • Q4. Why would the Board need a mandate to repurchase shares of the Company?
  • It is usual practice for the Company to seek for a general mandate to repurchase shares at each AGM though the Directors may not have any intention to repurchase any shares at the time of the AGM and they would exercise the power to repurchase in circumstances only where they consider that the repurchase would be in the best interests of the Company and the Shareholders as a whole and in circumstances where they consider that the shares can be repurchased on terms favourable to the Company.
  • Q5. Who is Pacific Basin’s share registrar?
  • The Branch Share Registrar of the Company in Hong Kong is Computershare Hong Kong Investor Services Limited.

    Email: hkinfo@computershare.com.hk
    Tel: +852 2862 8555
    Fax: +852 2865 0990
  • Q6. How can I change the address?
  • By completing and returning the amendment form to Computershare Hong Kong Investor Services Limited for their handling.

    Email: hkinfo@computershare.com.hk
    Tel: +852 2862 8555
    Fax: +852 2865 0990
  • Q7. What should I do if I cannot receive the dividend?
  • You may contact your brokers/bankers if your shares are held through them. Alternatively if your shares are in physical form of share certificates, i.e. you are registered shareholder of the Company, you may contact Computershare Hong Kong Investor Services directly and ask for their assistance, which may due to incorrect or outdated bank accounts details or correspondence address held by the Branch Share Registrar.

    Computershare HK Investor Services Limited:
    Email: hkinfo@computershare.com.hk
    Tel: +852 2862 8555
    Fax: +852 2865 0990
Human Resources