Precious Shipping Heads to Nanjing for More Bulk Carriers

Precious Shipping, the Thailand-listed cement shipper, announced this week the newbuild order for two 64,000 dwt bulk carriers from Nanjing-based Sainty Marine Corporation.

The total contract value for the order is USD $55.80 million and the vessels are scheduled for delivery by the end of Q1 2015.

Precious Shipping notes the two vessels will be flagged in either Singapore or Thailand.