Pacific Shipping Trust (PST)1 is a Singapore-based shipping business trust. The Company will invest primarily in container vessels, which are chartered to liner operators for their liner trade (the passage of vessels between designated ports on a fixed schedule) and/or feeder trade (the employment of vessels in normally short sea routes to fetch or carry goods and containers to and from ocean going vessels). PST will commence its operations with an initial portfolio of eight container vessels, which it will acquire from Pacific International Lines (Private) Limited. Theses vessels consist of two Panamax1 container vessels and six Handysize2 container vessels with an aggregate capacity of 13,864 twenty-foot equivalent units (TEUs). The Company is managed by PST Management Pte. Ltd.
CEO Alvin Cheng
- August 12, 2008 - Pacific Shipping to raise US$92.3m2