Precious Shipping is pressing ahead with plans to make its fleet younger, sending a 30-year-old handysize Chalothorn Naree for scrapping for US$1.51m.
In a release to the Thai stock exchange, Precious said that 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".
Precious Sends 30-Year-Old Handy for Demolition
2016-07-27
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Source：Splash
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