Precious Shipping Public Company News

Transas has been awarded a contract for the design, supply, commissioning and training of a full Mission Ship Handling Simulator from Precious Shipping Public Company Limited ( PSL ), . PSL is a pure dry cargo ship-owner operating in the small handy size sector of the Tramp freight market. It is one of the largest companies in the world operating in this segment. Transas Marine Pacific (the sales and service arm of Transas in the Asia Pacific Region) completed the commissioning, operator and instructor training on Feb 29th 2008. The Simulator is a 270 degree Full Mission Ship Handling Simulator housed in Transas Consoles and is integrated with a GMDSS simulator.

India’s largest private shipbuilding company ABG Shipyard Limited has received orders worth over $254.1m to build bulk and anchor vessels for shipping companies based in Egypt and Cyprus. The company has received an order worth around from Cyprus La-mnalco Ltd. for delivery of production support vessel. Another Cyprus-based Precious Shipping Public Company has placed a Rs 726 crore order to build five deadweight tonne bulk carriers. ABG also secured an order worth Rs 181 crores for two anchor handling vessels from Egypt based Maridive and Oil Services SAE. (Source: The Asian Age)