- Business
- Precious Shipping Public Company Limited, founded in 1989 and headquartered in Bangkok, Thailand, owns and operates a fleet of dry bulk carriers focused on the tramp freight market; it provides time charter and voyage charter services for minor bulk cargoes including cement, agricultural products, steel products, fertilizers, ores, concentrates, coal, grain, and logs. The company specializes in Handysize, Supramax, and Ultramax vessels, with a fleet comprising approximately 46 ships totaling over 2.1 million deadweight tons following recent expansions; operations span global routes primarily from Asia to ports in Africa, Europe, the Middle East, North America, and Latin America, supported by ship management through its wholly-owned subsidiary Great Circle Shipping Agency Limited. In 2025, Precious Shipping acquired two 2021-built Japanese Ultramax bulk carriers, Jal Kalpavriksh and Jal Kalpataru, each around 66,000 DWT for USD 65.1 million total from Jaldhi Overseas, as part of its ongoing fleet rejuvenation strategy involving sales of older vessels and purchases of younger ones; additional newbuilding resales were secured earlier in the year to modernize operations.