Pacific Basin Shipping (HK:2343) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pacific Basin Shipping has announced the acquisition of two dual-fuel methanol vessels for $93 million as part of its strategy to achieve net-zero emissions by 2050. These new vessels, which can operate on both green methanol and conventional fuel oil, are expected to enhance the company’s competitive edge through cost savings and flexibility. The acquisitions will be funded by the company’s cash reserves or bank borrowings.
For further insights into HK:2343 stock, check out TipRanks’ Stock Analysis page.
