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Pacific Basin expands global presence

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Dry Bulk,

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, is delighted to announce the establishment of a new commercial office in Rio de Janeiro, Brazil.

This new regional office – one of twelve across the world – places the company's staff closer to its dry bulk customers in South America, allowing us to better understand our customers’ needs and to offer customers the highest quality, localised service.

With the American Pacific coast already well covered from offices in Vancouver and Santiago, the new Rio office enables Pacific Basin to more fully cover all regions in the Atlantic together with our existing offices in London, Stamford and Durban.

The company’s class-leading dry bulk business owns and operates a fleet of approximately 220 handysize and supramax ships. Commodity and resource-rich South America is already one of the fleet’s top trading areas by volume and, building on strong regional relationships, business in South America has grown significantly in recent years which has driven the need for a local office on the east coast of South America to serve the company's client base.

Pacific Basin hopes its presence in Brazil will enable it to further increase our freight volumes and access to cargo opportunities in the South America region, which is an increasingly important market and which holds a strategically important geographical position between our primary trade areas of the Atlantic and Pacific oceans.

The new office will be headed by Mr Francisco Mello who has been a senior member of Pacific Basin’s commercial team since 2011 and whose expertise is in the South American dry bulk shipping sector.

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Dry bulk shipping market