Pacific Basin, MAN Energy Solutions Ink Service Contract for 111 Bulkers
- Business & Finance
Hong Kong-based dry bulk shipping company Pacific Basin Shipping has signed a service agreement with engine maker MAN Energy Solutions covering a fleet of 111 bulkers.
All of the vessels involved are owned by Pacific Basin and managed by its in-house technical-management team.
As informed, the contract includes field, workshop and technical services on MAN main engines, generators and turbochargers aboard the bulkers.
MAN PrimeServ will manage the contract from Hong Kong in close cooperation with the PrimeServ global network.
“We expect this service agreement will help to maximise further our operational and cost efficiencies, while also enhancing the long-standing partnership between MAN and Pacific Basin,” Jay K Pillai, Fleet Director at Pacific Basin, commented.
“We believe that this agreement will improve the predictability of Pacific Basin’s operational costs, minimize maintenance costs as well as optimize the planning of services and spare-part deliveries,” Sarath Prasannan, Managing Director at MAN Energy Solutions Hong Kong, said.
As of January 31, 2019, Pacific Basin operated over 200 dry bulk ships of which it owns 111 with the remainder chartered.