Caravel Group charts new course with biggest stake in Pacific Basin Shipping

Caravel Group has emerged as the single largest shareholder in Pacific Basin Shipping Limited, an investment holding company principally engaged in the provision of dry bulk shipping services internationally.

“The Caravel Group Ltd. confirms that in recent weeks, we have made a series of on-market purchases of shares in Pacific Basin Shipping Limited, and as of close of business on 23 June 2025, our shareholding in the company is 817,528,401 shares, representing approximately 16.00% of the total issued share capital of the company as at the date of this press release. Accordingly, we have become the single largest shareholder of the company,” Caravel said in a voluntary announcement to Asia’s stock exchange group HKEX on June 26.

“Caravel’s increased shareholding underscores our confidence in the company’s