Precious Shipping has continued to trim its fleet of older tonnage with the latest in a long line of demolition sales during 2016.
Brokers and cash buyers say the 27,100-dwt Chalothorn Naree (built 1996) has been sent for demolition in India.
A price of $253 per ldt is placed on the ship, giving precious a cheque of around $1.5m. The owner bought the bulker in 2004 in a $17.2m
