Precious Shipping Divests Supramax as Fleet Renewal Campaign Continues
Bangkok-listed dry bulk operator Precious Shipping has offloaded a 2011-built supramax for roughly $14.6 million while taking delivery of a Chinese newbuild ultramax.
Thailand-based dry bulk owner Precious Shipping has advanced its ongoing fleet modernization program through the disposal of an older supramax bulk carrier.
The Bangkok-listed company, headed by Khalid Hashim, agreed to sell the 56,920 dwt Kanchana Naree. The 2011-built vessel fetched a price of approximately $14.6 million as part of the transaction.
The divestment coincided directly with tonnage additions on the newbuilding front. On the same day that the supramax sale was finalized, the shipowner took formal delivery of a newly built ultramax vessel constructed at a Chinese shipyard.
The simultaneous fleet adjustments highlight Precious Shipping's strategy of shedding vintage geared bulk tonnage while integrating modern, larger bulkers into its operational trading fleet.
Source attribution
No external source recorded for this article.
This article is an original editorial summary. It does not reproduce the source text. See our AI & content policy.
Related coverage
Alkagesta had traded into Singapore since 2020, mostly through cargo arbitrage. In 2025, the company turned that flow into a permanent presence, establishing Alkagesta Asia Pte Ltd as a regional hub for physical marine fuels.
5d ago· Elena Marchetti
Taiwanese dry bulk owner U-Ming Marine Transport has expanded its newbuilding pipeline with an order for four 64,000 dwt bulkers at New Dayang.
5d ago
Hong Kong is altering its port development framework under its upcoming 2026–2030 blueprint, shifting focus away from volume growth toward high-value logistics and maritime services.
28d ago
HD Hyundai Samho and ClassNK have entered into an agreement to jointly design an LNG carrier aligned with upcoming amendments to the IGC Code.
32d ago
Evergreen Marine has expanded its smart cold chain operations with approximately 58,000 refrigerated containers fitted with IoT tracking technology.
41d ago
Thai owner secures up to 14 months of index-linked employment for the newly delivered Ratima Naree.
41d ago