Precious Shipping has announced newbuilding contracts for a pair of 64,000 dwt bulkers and a pair of 38,500 dwt bulkers.

A slow recovery for the dry bulk shipping market will only come by 2017 due to the severe oversupply of ships, according to a senior official at China Cosco Bulk Shipping (Group) Co.

A recovery in the dry bulk shipping market could come as early as first quarter 2014 according to Precious Shipping boss Khalid Hashim.

Much hyped eco-ship designs have been lambasted by Precious Shipping boss Khalid Hashim as nothing more than a marketing ploy by desperate shipyards. Speaking at a ceo roundtable held by Seatrade and the Singapore Maritime Foundation (SMF) ahead...