China's massive One Belt One Road (OBOR) project will be good for shipping as a whole according to Precious Shipping boss Khalid Hashim.

The lingering tonnage glut that is troubling the global dry bulk shipping market may soon see a considerable deflation to match demand, in view of increasing trade flows coupled with upcoming IMO regulations that would accelerate scrapping of...

After a year in which the “unthinkable” happened in dry bulk shipping Precious Shipping is forecasting “extreme volatility” in demand.

There is very limited scope for consolidation in the dry bulk sector and what is needed for recovery is logic.

Bangkok-based Precious Shipping has continued to dispose of more elderly tonnages by sending one more to the scrapyard, following the sale of a pair earlier this week.

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 warns that it dry bulk scrapping does not increase in the second half of the year owners could again be faced with the all time low rates seen in February.

Bangkok-based Precious Shipping has sent one elderly handysize bulk carrier to the scrapyard at a price of $1.51m.

Dry bulk shipowner Precious Shipping has sold one 21-year-old handysize bulk carrier at a price of $1.51m.

Precious Shipping md Khalid Hashim is warning of a wave of bankruptcies in dry bulk shipping and as owners find themselves unable to raise additional cash and banks “pull the plug” on doubtful loans.