Precious Shipping continues to overhaul its bulker fleet with the sale of a 2005-built handysize bulker, regulatory filings show.
The Thai-based shipowner has offloaded the Japanese-built 33,720-dwt Charana Naree to an undisclosed buyer for $10.75m.
Precious said the disposal fitted its strategy to rejuvenate its fleet by selling its older vessels and acquiring younger ships.
The Khalid Hashim-led shipowner said it expects to deliver the vessel to its new owner by the end of July.
About 93 handysize bulkers have been sold in the secondhand market in the first five months of this year, according to data from Greek shipbroker Intermodal.
They are the second most popular class of bulker behind ultramax/supramaxes with 130 of those vessels changing hands this year.
This is the third bulker Precious has sold this year following on from the 28,442-dwt Rattana Naree (built 2002) for $6.5m and the Indian-built 53,857-dwt Wikanda Naree (built 2013) for $13.66m.
Last week, Precious emerged as the buyer of a Nisshin Shipping handysize circulated for sale earlier this year.
It confirmed in a regulatory filing it had bought the 39,000-dwt Western Panama (built 2015) for $18.6m.
This was the second ship the company has acquired from the secondhand market this year. In March, it bought Interlink Maritime’s 39,989-dwt Interlink Amenity (built 2018) for $25.25m.
In late May, Precious returned to the newbuilding market after a decade-long absence with orders for new ultramax tonnage.
It ordered four 63,500-dwt bulkers from China’s Taizhou Sanfu Ship Engineering for $33.36m each, a price it described as “very competitive” given the specifications and the delivery dates.
Precious will take delivery of the newbuildings between March 2026 and January 2027.
