Pacific Basin Shipping Ltd
HKEX:2343
Pacific Basin Shipping Ltd's latest stock split occurred on May 30, 2016
The company executed a 11-for-8 stock split, meaning that for every 8 shares held, investors received 11 new shares.
Before the split, Pacific Basin Shipping Ltd traded at 1.32 per share. Afterward, the share price was about 0.552.
The adjusted shares began trading on May 30, 2016. This was the only stock split in Pacific Basin Shipping Ltd's history.
1S9
Pacific Basin Shipping Ltd
Glance View
In the bustling commerce lanes of the international shipping industry, Pacific Basin Shipping Ltd. stands as a prominent navigator, steering its operations through the intricate networks of global trade. Founded in 1987 and headquartered in Hong Kong, the company has cultivated a robust fleet specializing in the Handysize and Supramax sectors. These smaller bulk carriers deftly maneuver through ports inaccessible to larger ships, facilitating the seamless transport of essential commodities like grains, logs, fertilizers, and cement. By capitalizing on this niche, Pacific Basin not only enhances its operational flexibility but also solidifies its reputation as a reliable and versatile player in maritime logistics. Revenue streams for Pacific Basin primarily stem from chartering out its fleet to clients worldwide, effectively playing the role of an intermediary in the supply chain. The company engages in both spot market transactions — often characterized by short-term contracts driven by immediate demand — and long-term time charter agreements, which offer steadier income and risk mitigation. Through astute market analysis and strategic fleet deployment, Pacific Basin maximizes utilization rates, ensuring that their vessels are consistently aligned with profitable opportunities. This business model, fortified by a commitment to operational efficiency and excellence, allows the company to maintain a competitive edge in a volatile industry, anchoring its financial strength amidst the ebb and flow of global shipping dynamics.
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