Precious Shipping Sells Another Ship for Scrap

Shipspotting Bangkok-headquartered dry cargo ship owner Precious Shipping has disposed of another Handysize bulk carrier, MV Parinda Naree, in an effort to modernize its fleet. The 1995-built Parinda Naree was sold for USD 1.29 million. On August 2, 2016, Precious Shipping signed a Memorandum of Agreement (MOA) with an unnamed Singapore-based buyer for selling the vessel. According to data provided by VesselsValue, the 23,720 dwt Parinda Naree was sold for demolition in India. As of August 18, the vessels AIS data from Marine Traffic shows it is currently anchored off the coast of Mumbai, India. On August 15, Precious Shipping said it has disposed of two Handysize bulkers, MV Suchada Naree and MV Apisara Naree. The vessels were sold for USD 1.28 million and USD 1.14 million, respectively. Image Courtesy: Shipspotting