Pacific Basin Shipping Limited announced that the retirement of Mr. Daniel Rochfort Bradshaw as an Independent Non-Executive Director of the Company. The Board announces that Mr. Bradshaw's retirement has taken effect from the conclusion of the AGM, and his memberships of the Remuneration Committee and Nomination Committee have ceased at the same time. The Board would like to express its sincere gratitude to Mr. Bradshaw for his valuable contribution and efforts to the Company over the years and wish him well in the future.