Bulkers

Precious Shipping fourth-quarter profit slides on weaker freight rates

Despite weaker markets, Thai shipowner raised over $160m for newbuildings and refinancings

Precious Shipping has 38 ships on the water, with eight ultramaxes, including the 63,500-dwt Inthira Naree (built 2014).
Precious Shipping has 38 ships on the water, with eight ultramaxes, including the 63,500-dwt Inthira Naree (built 2014).Photo: Jonathan Boonzaier
Asia correspondentSingapore
Published 13 February 2024, 07:14Updated 13 February 2024, 11:24
ThailandPrecious ShippingHandysize bulkers