Precious Shipping PCL 2016 AR2
The report highlights Precious Shipping Public Company Limited's performance and sustainability initiatives during 2016, a year characterized by historically low dry bulk shipping rates. Despite these challenging market conditions, the company successfully completed its fleet rejuvenation plan by taking delivery of four new vessels and selling thirteen older, less efficient ships. The company also issued two tranches of Thai Baht debentures to prepay secured loans and bolster liquidity. On the environmental front, the company maintained its ISO 14001 certification and achieved zero MARPOL violations, while its maritime training center provided extensive training to crew members to enhance safety and reduce carbon emissions.
Company: Precious Shipping PCL
Sector: Industrials
Country: Thailand
Year: 2016
Type: AR2
Pages: 272
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Precious Shipping PCL
Annual Report
The report highlights Precious Shipping Public Company Limited's performance and sustainability initiatives during 2016, a year characterized by historically low dry bulk shipping rates. Despite these challenging market conditions, the company successfully completed its fleet rejuvenation plan by taking delivery of four new vessels and selling thirteen older, less efficient ships. The company also issued two tranches of Thai Baht debentures to prepay secured loans and bolster liquidity. On the environmental front, the company maintained its ISO 14001 certification and achieved zero MARPOL violations, while its maritime training center provided extensive training to crew members to enhance safety and reduce carbon emissions.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees