Yemen’s Houthis Target MSC Ship in Gulf of Aden
DUBAI, April 25 (Reuters) – Yemen’s Houthis said they targeted the MSC Darwin ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships in the Red Sea...
Precious Shipping, a Bangkok-based dry cargo operator specializing in the small handy size (10,000 to 30,000 DWT) sector of the tramp freight market, announced yesterday in an exchange statement they have ordered their fourth, 20,000 dwt cement carrier from Shanhaiguan New Shipbuilding Industry Co. The total cost of the newbuild is USD $24.48 million and will be funded via internal cash reserves and/or debt financing from Precious Shipping’s existing credit facilities.
The new vessel is expected to be delivered no later than 30 November 2014 and will be Singapore-flagged. The three other newbuilds at Shanhaiguan are expected to be delivered in January 2014, April and July, respectively.
According to their 2012 annual report, Precious Shipping has about $220 million in funds which they say is aimed at funding 15-20 second-hand ship acquisitions, replacing phased out older ships in their fleet.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,880 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,880 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up