Precious sends 30-year-old handy for recycling

Precious sends 30-year-old handy for recycling

Precious Shipping is pressing ahead with plans to make its fleet younger, sending a 30-year-old handysize, Chalothorn Naree, for scrap for $1.51m.

In a release to the Thai stock exchange, Precious said the scrapping was “in accordance with the company’s strategy to rejuvenate its fleet by selling its older vessels and acquiring younger and bigger vessels”.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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