Precious Shipping sells off cement carrier

Bangkok: Precious Shipping announced that it has sold a cement carrier M.V. Fujisan Maru to a company incorporated in Cayman Islands for scrapping for $2.31m.

Precious Shipping said the move is in line with the company’s strategy to rejuvenate its fleet by selling older vessels and acquiring younger and larger vessels.

The vessel will be delivered to a scrapyard by January 24. [14/01/14]

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