NEWS

Ship's Bow

WFW Asia Practice advises Precious Shipping Public Company Limited on the planned construction of two bulkers

12 December 2012

The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised Thailand’s Precious Shipping Public Company Limited in connection with the order by two special purpose joint venture companies (the “Companies”) of two 20,000 dwt cement-carrying bulker carriers at China Shipbuilding & Offshore International and Shanhaiguan New Shipbuilding Industry.

The Companies have looked to the Chinese yard to build the bulkers, for delivery in January and April 2014, at a discount to the original order price. The vessels are fixed under long-term charter contracts.

The WFW Singapore team advising Precious Shipping was led by partner Simon Petch, who was assisted by associate Lee Chien Herr.

Partner Simon Petch at WFW Singapore, said: “It has been a great pleasure for us to be able assist Precious Shipping with progressing this project”.