Precious Shipping continues fleet refresh with supramax sale

Thai dry bulk owner Precious Shipping has sold another ageing supramax for about $14.5m, pressing ahead with a fleet renewal drive that on the same day saw it take delivery of a new ultramax from China. The Khalid Hashim-led Bangkok-listed company is parting with the 2011-built, 56,920 dwt Kanchana Naree for about $14.6 m. The … Read full article →