Shopping Spree at Sanfu Shipbuilding

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.


PCL, December 20, 2013

Share this article

Follow World Maritime News

Posted on December 20, 2013

In Depth>


<< Jul 2019 >>
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 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >