Precious raises fresh S&P cash, but is in no hurry to spend it

Shipowner says loan’s two-year availability period for drawdown allows it to wait for the right opportunity

Precious Shipping, led by managing director Khalid M Hashim, has secured funds from the International Finance Corporation (IFC), Export-Import Bank of Thailand and Credit Agricole Corporate and Investment Bank. — Precious Shipping, led by managing director Khalid M Hashim, has secured funds from the International Finance Corporation (IFC), Export-Import Bank of Thailand and Credit Agricole Corporate and Investment Bank.Photo: Jonathan Boonzaier

Dale Wainwright

Singapore

Published 9 November 2023, 01:33Updated 9 November 2023, 10:29

Precious Shipping Sale and purchase International Finance Corporation (IFC)Credit Agricole