Asia

Precious confident of upward dry bulk trend

 

Bangkok: Thailand’s Precious Shipping has just released details of its forward time charter position which is gradually filling up. 

The current and forward four year (2013 to 2017) rolling book is currently at the 17.4% level with a visible revenue stream of $181m.  

“We will have to wait out the current uncertain period in the freight market before re-employing this strategy to lock in longer term contracts in the future when the market starts to clearly move in an upward direction,” said an optimistic Khalid Hashim, Precious’s managing director.  [08/10/13]

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