Precious buys bulk carriers

PUBLISHED : Wednesday, 18 June, 1997, 12:00am
UPDATED : Wednesday, 18 June, 1997, 12:00am

Precious Shipping, Thailand's biggest liner operator, says it has agreed to buy two used vessels at a total cost of US$20.85 million.

The company told the Stock Exchange of Thailand both vessels were Japan-built bulk carriers, with capacities of 23,724 deadweight tonnes (dwt) and 21,259 dwt. The vessels will be delivered next month and in August.