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Precious Shipping sells two elderly bulkers for scrapPrecious 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.

Lee Hong Liang, Asia Correspondent

August 16, 2016

1 Min Read
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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.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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