Precious Shipping Public Company Limited said it has made 3 shipbuilding contracts for 3 new ships.
As a part of the ongoing fleet rejuvenation program, the Company has entered into the contracts with ABG Shipyard to construct vessels classified as supramax bulk carriers at an aggregate price of about US Dollar 114 million. The contracts are subject to approval from the Board of Directors, Company's shareholders and other Thai regulatory approvals. Each vessel is a supramax double hull type bulk carrier with hopper tank and upper side tank of 54,000 dwt. The vessels are expected to be delivered from 31st December 2010 until 31st December 2011. Apart from this, the company has entered into 12 shipbuilding contracts with the same builder for 12 new ships with aggregate 384,000 DWT to be delivered between 2010 and 2013. Read More
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