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Precious Shipping sells two elderly bulkers for scrap

Precious Shipping sells two elderly bulkers for scrap
Bangkok-based dry bulk shipowner Precious Shipping has sold two elderly bulk carriers to the demolition yard for a total price of $2.42m.

Precious Shipping announced the sale of the 1994-built, 23,732-dwt Suchada Naree at a price of $1.28m, and the disposal of the 1996-built, 18,596-dwt Apisara Naree for $1.14m.

The company said the move is “in accordance with the company’s strategy to rejuvenate its fleet by selling its older vessels and acquiring younger and bigger vessels.”

Both the vessels have been delivered to the scrapyard on 12 August.