Caravel Group buys into Pacific Basin
Hong Kong conglomerate Caravel Group has raided the local stock market to acquire a significant stake in fellow dry bulk giant Pacific Basin Shipping. Caravel Maritime Ventures, part of the Banga family’s Caravel Group, has picked up 388.5m shares, corresponding to a 7.53% stake in the Martin Fruergaard-led handysize and supramax specialist. Pacific Basin boasts …
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