Pacific Basin terminates US$93 million dual-fuel Ultramax newbuild deal

PUBT·04/16/2026 09:02:29

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Pacific Basin terminated contracts to buy two dual-fuel methanol Ultramax newbuildings valued at about USD 93 million.
It signed new contracts to acquire two conventional 64,000 dwt Ultramax vessels for about USD 78.4 million.
Deliveries scheduled for December 2028 for first vessel, first half of 2029 for second vessel.
Transaction shifts near-term spending lower as regulatory uncertainty delays economics of higher-cost dual-fuel orders.
Company also secured option to order two dual-fuel methanol Ultramax newbuildings priced at USD 45.5 million each, with delivery expected April 2030 to March 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260416-12108055), on April 16, 2026, and is solely responsible for the information contained therein.

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