Pacific Basin’s new shipbuilding menu: 4 conventional ultramax, 6 handysize

Bulker owner and operator Pacific Basin has converted its 2024 acquisition of four dual-fuel ultramax newbuildings to an acquisition of four conventional ultramax newbuildings with an option to acquire two dual-fuel ultramax newbuildings, all to be built by Imabari in Japan, and has increased its orders for handysize newbuildings to be built by JNS in China from four to six vessels on the same terms as the newbuilding order announced in December 2025.

As a result, the company entered into agreements with Nihon Shipyard Co. and Mitsui & Co. to terminate agreements made in November 2024 for the construction of four 64,000 dwt dual-fuel ultramax newbuilding vessels in light of renewed uncertainty around the timing and final shape of a global regulatory framework to drive the maritime green fuel