MAN Energy Solutions Signs Major Service Agreement

MAN Energy Solutions, Hong Kong has signed a service agreement with Pacific Basin Shipping covering field, workshop and technical services on MAN main engines, generators and turbochargers aboard 111 dry-bulk ships. All of the vessels involved are owned by Pacific Basin and managed by its in-house technical-management team.

MAN PrimeServ will manage the contract from Hong Kong in close cooperation with the PrimeServ global network that covers some 120 service hubs.

Jay K Pillai, Fleet Director – Pacific Basin, said: ”Pacific Basin is committed to delivering a safe, environmentally friendly and reliable freight service to cargo customers around the world with a vision to be the first choice partner for customers and other stakeholders in dry-bulk shipping. MAN is our trusted partner as engine maker and service provider, as well as supplier of genuine spares and the best technical expertise on engines. 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.”

Sarath Prasannan, Managing Director – MAN Energy Solutions Hong Kong, said: “By combining Pacific Basin’s in-house knowledge with MAN’s know-how and experience, 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. Through first-class service, we are committed to ensure safe, reliable and cost-efficient engine operation so that Pacific Basin can focus on what is important to their customers in an environmentally-sustainable way.

About Pacific Basin

Pacific Basin Shipping Limited is one of the world’s leading owners and operators of modern Handysize and Supramax dry-bulk vessels. As of January 31st 2019, the Company operated over 200 dry bulk ships of which it owns 111 with the remainder chartered. Pacific Basin is listed and headquartered in Hong Kong, and provides a quality service to over 500 cargo customers under spot and long-term cargo contracts. The company has approximately 3,800 seafarers and 336 shore-based staff in 12 offices in key locations around the world.

www.pacificbasin.com, stock code 2343.HK