Hong Kong-based dry bulker company Pacific Basin Shipping has decided to acquire four bulkers with 50% equity funding. "On May 14, 2018, PB Vessels Holding Limited, a subsidiary of the company, entered into four separate ship contracts for the purchase of vessels," said a press statement. The four bulkers are a 58,000 dwt Supramax built in 2010, a 64,000 dwt Supramax resale newbuild, a 37,000 dwt Handysize constructed in 2015 and a 37,000 dwt Handysize resale newbuild. The consideration payable to sellers will be satisfied in a combination of (i) a conditional issue to such Sellers (or their nominees) of 170,760,137 New Shares in aggregate at HK$2.036 per Share under the General Mandate amounting to HK$347…
