PSL Enters Into Shipbuilding Contract for Eight Bulk Carriers

Precious Shipping Public Company Limited (PSL), a pure dry cargo ship-owner from Thailand, has entered today into eight shipbuilding contracts for four 39,000 DWT bulk carriers and four 64,000 DWT bulk carriers with Chinese shipbuilder Taizhou Sanfu Ship Engineering Co., Ltd.

The delivery of the vessels will start with 31 August 2015 continuing through 2015 and 2016, the last one being slated for April 30, 2016.

The contracts have been signed in accordance with the Company’s strategy to rejuvenate its fleet by acquiring younger and bigger vessels. After the acquisition and delivery of these vessels and the delivery of eight more vessels already ordered (per various disclosures made earlier) but not yet delivered, Precious Shipping’s fleet will consist of 56 vessels with an aggregate capacity of about 2,048,583 DWT.

The individual contract price for each of four 39,000 DWT vessels is USD 21.96 million and each of four 64,000 DWT vessels is $27.48 million. The aggregate contract price of the 8 vessels amounts to $197.76 million.

PSL, December 20, 2013

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >