Pacific Basin signs up for Chinese handysize newbuilds

Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship Engineering (JNS) to acquire four 40,000 dwt vessels …