Precious Shipping Cancels Supramax Vessel Order from Chinese Shipyard

Precious Shipping Ltd, dry cargo ship-owner, announces that it has cancelled the order of a new supramax vessel from Taizhou Sanfu Shipyard.

Seatrade Asia reported that Precious Lands Limited said that the company’s subsidiary, which had signed the acquisition agreement, has cancelled the purchase of the vessel due to the delay in delivery.

The company received two similar vessels from Chinese Shipyard in October and November.

[mappress]

World Maritime News Staff, December 2, 2011