Bangkok: Precious Shipping has spent $16.7m on acquiring a secondhand 30,193 dwt bulk carrier. The bulker Good Princess is scheduled to be delivered to Precious between 2 to 30 March.

Bangkok: Precious Shipping has obtained a new credit facility of $100m from Export-Import Bank of Thailand (Exim) for the potential acquisition of new or secondhand dry bulk vessels.

Bangkok: Thoresen Thai Agencies (TTA) slumped into the red in the first quarter of its financial year on a weak dry bulk market. TTA reported a first quarter net loss of THB560m for the first quarter ended 31 December 2011, compared to THB145m...

Taipei: U-Ming Marine Transport Corp has moved ahead with its newbuilding plans ordering up to 10 capesize bulkers in China.