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06/30/2021 | Press release | Distributed by Public on 06/29/2021 20:13 IFCâs Sustainability-Linked Financing to Boost Resilience of the Shipping Sector, Sustain Regional Trade Flow Amid COVID-19 â Bangkok, Thailand, June 30, 2021-To support continued transportation of cement along the west coast of India and Sri Lanka, and other critical dry commodities globally, IFC has provided a sustainability-linked financing package of $85 million to Precious Shipping Public Company Limited (PSL), a Thai shipping company. IFC s investment will help finance four specialized cement carriers and one bulk carrier owned and operated by wholly owned subsidiaries of PSL-a member of the GP Group, a 153-year-old diversified Thai conglomerate with business interests in shipping, pharmaceuticals, aviation, technology and others. ....
Chinese Fuelling Local Growth | YaleGlobal Online yale.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yale.edu Daily Mail and Mail on Sunday newspapers.
Speaking at an ask the analyst session at the Sea Asia Virtual Preview event, Khalid Hashim, managing director of Precious Shipping said the fundamentals for the dry bulk market were very different compared to the post-2009 crash period and the market lows seen in 2016. Hashim said that the pandemic had made predicting and analysing trade demand incredibly difficult. Clarksons pegged world dry bulk demand growth at 4.36% for 2021 and while that estimate was higher earlier in the year, Hashim expected it to rise again as the year progressed. That demand growth compares to net fleet growth expected around 1.7%, and a low orderbook to fleet ratio of 5.75%. In the wake of the financial crisis in 2009 the orderbook to fleet ratio was 80.49% and net fleet growth was 9.23%, leading to a period of worsening oversupply, “this time, it’s different,” he said. ....
Thailand's Precious Shipping advances decarbonization, explores ammonia potential hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Bamboo shoots blamed for fatal mass poisoning on Precious bulker tradewindsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradewindsnews.com Daily Mail and Mail on Sunday newspapers.