Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has conventionally procured bulker tonnage via enduring bareboat charters with Japanese mercantile establishments. However, there’s been a notable transition towards outright ship possession. PCL (Pacific Carriers Ltd) CEO Hor Weng Yew posits that direct ownership enhances capital returns for shareholders. Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) boasts an impressive fleet, inclusive of geared bulk carriers and versatile general cargo vessels. PCL (Pacific Carriers Ltd) CEO Hor Weng Yew articulates that a robust asset foundation yields superior investment returns for the esteemed stakeholder, the Kuok Group. 25-August-2023
Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has commissioned two (2) 50K DWT MR tankers from K Shipbuilding (formerly STX Shipbuilding) in South Korea. Two (2) 50K DWT MR tanker are slated for a 2024 delivery. While the monetary specifics remain undisclosed, the tankers will be adorned with scrubbers. The timely delivery windows can be attributed to the K Shipbuilding’s recent revival. Once known as STX Shipbuilding, the establishment teetered on the brink of obsolescence before a regional consortium rescued it the previous year, marking its inaugural orders after a significant hiatus. Singapore-based shipowner and operator PCL (Pacific Carriers Ltd), under the aegis of magnate Robert Kuok, boasts a multifaceted fleet encompassing dry bulk carriers, breakbulk carriers, tankers, and gas carriers. 1-August-2022
Singapore-based shipowner and operator PCL (Pacific Carriers Ltd), under the aegis of magnate Robert Kuok, faced judgment in a United States federal tribunal after confessing to breaches of the Act to Prevent Pollution from Ships, impeding justice, and neglecting to apprise the US Coast Guard about a perilous situation on the 2003 built bulk carrier MV Pac Antares. In response to their transgressions, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) acknowledged culpability for an aggregate of eight grave felonies and was decreed to remit a penalty of $12 million. Furthermore, Robert Kuok-led shipowner and operato PCL (Pacific Carriers Ltd) was subjected to a probationary period spanning four years and directed to establish a thorough ecological adherence strategy. It was divulged by PCL (Pacific Carriers Ltd) that the MV Pac Antares’s crew willfully omitted documenting the unsanctioned discharge of oily bilge water and oil refuse during the months of April and September in 2019. Moreover, the corporation conceded that the PCL (Pacific Carriers Ltd) controlled MV Pac Antares’s crew members illicitly released oily refuse and plastics into the sea, subsequently fabricating the garbage archival record. In another grievous revelation, a vast compartment within the PCL (Pacific Carriers Ltd) controlled MV Pac Antares’s keel served as a reservoir for oil-contaminated waste, constituting a perilous scenario as per the Ports and Waterways Safety Act. Such an alarming condition mandated immediate reporting to the United States Coast Guard. Wenguang Ye, PCL (Pacific Carriers Ltd) controlled MV Pac Antares’s principal engineer aboard, admitted his role in adulterating the oil ledger and was met with a monetary penalty of $5,500 and an injunction prohibiting his entry into American shores for a year. In an antecedent episode, PCL (Pacific Carriers Ltd) controlled MV Pac Antares found itself mired in a legal quagmire, resulting in Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) being levied a substantial fine of $2.1 million for camouflaging the unauthorized ejection of oily bilge water. 1-December-2020
Pola Maritime, after a hiatus exceeding two years, has elegantly procured the 2016 built handysize bulk carrier 37K DWT MV Glorious Sunrise. Pola Maritimea tendered a sum of $18.5 million to Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) for the resplendent MV Glorious Sunrise crafted in Imabari. Curenty. It’s worth noting that Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) had previously secured 2016 built handysize bulk carrier 37K DWT MV Glorious Sunrise in October 2017, acquiring it from Japan’s esteemed Nippo Shipping at a price that remains enshrouded in secrecy. Established in Cyprus in 2006, the Russian-owned private enterprise, Pola Maritime, presently commands a flotilla of ten bulk carriers. This prestigious armada comprises nine handysizes and a singular handymax bulk carriers. 15-April-2019
Singapore-based shipowner and operator PCL’s (Pacific Carriers Ltd) managing director Govind Ramanathan is departing to pursue his own interests in shipping business. Govind Ramanathan has served as managing director at the privately owned Kuok Group since Keith Denholm’s departure in 2010, and as executive director of its Malaysian Bulk Carriers affiliate since 2015. Singapore based shipowner and operator PCL (Pacific Carriers Ltd) Shipping will appoint an internal candidate for Govind Ramanathan’s position. Chairman Kuok Khoon Kuan retired in 2017. PCL (Pacific Carriers Ltd) operates a diversified fleet including small containerships and multipurpose ships, VLGC units, smaller gas carriers and tankers and dry bulk. PCL (Pacific Carriers Ltd) operates fleet of 66 dry bulk carriers from handysize to capesize. Singapore based shipowner and operator PCL (Pacific Carriers Ltd) Shipping was heavily over-tonnaged and mostly chartered in from Japanese shipowners before bulk depression ground on. 19-January-2018
Under the esteemed direction of Robert Kuok, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has embarked on an elegant diversification venture, acquiring its second vessel this year. Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has procured the 50K DWT tanker MT Fidias for a sum slightly shy of $17 million. The transaction was facilitated with Ionia Management, an establishment overseeing a select number of venerable tankers. This acquisition signifies Ionia’s graceful exit from its engagements within the MR tanker domain. Predominantly recognized for its prowess in the dry bulk domain, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has refrained from expanding its bulker fleet in the preceding biennium, casting its discerning gaze upon the MR tanker sector instead. Last September, shipowner and operator PCL (Pacific Carriers Ltd) elegantly incorporated another tanker MT Plover Pacific (ex MT Box), acquired from Alma Maritime at a price tag of $20 million. 21-November-2017
Established in 1973, PCL (Pacific Carriers Ltd) was birthed to cater to the maritime cargo demands of the esteemed Kuok Group. Over the decades, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has elegantly metamorphosed into a distinguished provider of maritime logistics services, catering to an array of global commodity and trading enterprises. Boasting a multifaceted fleet, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) is equipped with dry bulk carriers, versatile multipurpose ships (MPP), product tankers, gas carriers, and feeder containerships, commanding a growing armada of over 100 majestic ocean-bound vessels. These vessels journey across the world’s oceans, transporting a vast array of dry bulk commodities; from coal, iron ore, grains, and logs to fertilizers, ores, refined petroleum derivatives, liquefied petroleum gas, unitized freight, and container units. With its primary operations anchored in Singapore, PCL’s (Pacific Carriers Ltd) influence extends globally with prestigious offices in renowned maritime hubs including London, New York, Melbourne, Mumbai, Beijing, Shanghai, Kuala Lumpur, and Hamburg. 30-June-2016
Under the auspices of Robert Kuok, Singapore-based shipowner and operator PCL (Pacific Carriers Ltd) has divested itself of a handymax, fetching a sum of $8.7 million. The Japanese-built handymax bulk carrier, MV Ikan Sudip, has been judiciously acquired by one of Bangladesh’s preeminent industrial magnates, Akij Group. Established in the epoch of the 1940s as a jute commerce entity, Akij Group has subsequently branched out, encompassing over 20 diverse sectors such as tobacco, real estate, and cement. Within its maritime endeavors, the firm operates two distinguished shipping enterprises: Akij Ocean Line and Akij Shipping Line. 26-June-2016