Pacific Basin Shipping Ltd 2013 AR2
The report highlights Pacific Basin's performance and strategic developments for the fiscal year 2013. Despite facing the weakest dry bulk market since 1986 in the first half of the year, the company achieved a net profit of US$1.5 million, driven by its customer-focused business model and fleet expansion. Pacific Basin significantly expanded its dry bulk fleet by acquiring 43 vessels at historically low prices, positioning itself for a cyclical recovery. Additionally, the company successfully implemented its Right Speed Programme, reducing carbon emissions by 5.4% year-on-year, and maintained a strong safety record with zero environmental pollution incidents.
Company: Pacific Basin Shipping Ltd
Sector: Industrials
Country: Hong Kong
Year: 2013
Type: AR2
Pages: 139
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Pacific Basin Shipping Ltd
Annual Report
The report highlights Pacific Basin's performance and strategic developments for the fiscal year 2013. Despite facing the weakest dry bulk market since 1986 in the first half of the year, the company achieved a net profit of US$1.5 million, driven by its customer-focused business model and fleet expansion. Pacific Basin significantly expanded its dry bulk fleet by acquiring 43 vessels at historically low prices, positioning itself for a cyclical recovery. Additionally, the company successfully implemented its Right Speed Programme, reducing carbon emissions by 5.4% year-on-year, and maintained a strong safety record with zero environmental pollution incidents.
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Document Details
Report Year
2013
Reporting Period
Jan 1, 2013 - Dec 31, 2013
Fiscal Year
2013
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees