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Pacific Basin to sell five vessels.

Publication: Europe Intelligence Wire

Publication Date: 31-OCT-05
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COPYRIGHT 2005 Financial Times Ltd.

(From Lloyds List)

HONG Kong-Pacific Basin Shipping says it will sell five of its handysize dry bulk carriers to third parties for a total of US$100m, writes Mike Grinter in Hong Kong.

The bulk operator said proceeds would go to pay off bank loans on the five ships and...

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