NEWS

Precious Shipping narrows losses in recovering market

Precious Shipping is the second Asian bulk carrier to report a narrowing of losses as its earnings were lifted by an improving market, increasing daily vessel rates and the disposal of older ships that cut operating expenses. The Bangkok-based shipping…

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Precious Shipping head calls for increased dry bulk scrapping

Unless dry bulk operators step up ship scrapping in the fourth quarter, their oversupplied and struggling shipping sector will start 2017 badly, predicts Khalid Hashim, managing director of Precious Shipping. Commenting on the scrapping levels reported during the third quarter,…

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Precious Shipping to sell Supramaxes, acquire Ultramaxes in 2-5 years

Thai dry bulk shipowner-cum-operator Precious Shipping plans to sell its Supramaxes and replace them with bigger Ultramax ships, Managing Director Khalid M. Hashim said Wednesday on the sidelines of the Marine Money Asia conference in Singapore. “In the next 2-5…

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Precious Shipping seals $81.5m loan

Thailand’s Precious Shipping has secured a fresh credit facility of $81.5m from Export-Import Bank of Thailand.

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Lower Q1 profit, confident outlook for Precious Shipping

Precious Shipping reported a lower first quarter profit due to lesser one-off gains from newbuilding cancellations, and is confident about the outlook for dry bulk shipping.

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