Precious Shipping PCL
What the company does
Precious Shipping is a pure dry-cargo ship-owner operating in the Handysize, Supramax and Ultramax sectors of the tramp freight market. Our ships are managed by Great Circle Shipping Agency Limited, a wholly-owned subsidiary.
Why GP Group invested
We initially established a shipping division in 1983 to manage shipping commodities that GP Group was trading. In 1987 we bought our first of many ships. We soon saw a larger opportunity in creating a quality, reliable shipping company in the tramp freight sector. Precious Shipping became the Group's first public company when it listed on the Stock Exchange of Thailand in 1993.
“When we entered the small-ship markets, there were no respectable operators. We saw that as an opportunity to go in as a good brand name and run a good operation.”