Khalid Hashim, managing director of Precious, told Platts that some of the company’s older ships will be offloaded towards the end of 2015.

According to its website, the Asian bulker owner has 30 handymaxes in its fleet, 17 of which were built in the 1990s.

Its newbuilding agenda includes 22 ultramaxes and from now on Precious will be taking delivery of an average of two ships every second month.

Hashim