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  • 2011 September 7 07:36

    PST takes delivery of its first 180,000dwt capesize bulk carrier

    The Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier, M/V Shagang Hongfa, from Hyundai Heavy Industries Co., Ltd., on September 5, 2011, PST said Tuesday.

    Pacific Shipping Trust is the first business trust listed on the SGX-ST. It provides structured financing solutions to all sectors of the shipping  industry including containerships, bulk carriers, and multi-purpose vessels, thereby generating visible and stable cashflow stream through long-term charters. By acquiring vessels and leasing them to reputable charterers on long-term bareboat or time charters, PST seeks to generate a steady stream of highyielding income for its Unitholders.  

    The trustee-manager of PST is PST Management Pte. Ltd., a wholly-owned subsidiary of Pacific International Lines (Private) Limited, one  of the largest private shipowners and operators in South East Asia.
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