Precious Shipping Public Co. is a holding company. Through its subsidiaries, Co. owns and operates dry bulk ships on a tramp shipping basis in the shipping market. Principal cargoes handled by Co. are agricultural products, steels, fertilizers, ores and concentrates, logs, coke and other items. Co.'s business is divided across five regions: United States/Canada, Europe, Latin America-Africa, Indian sub-continent - Middle East, and South East and Far East Asia. The chartering of ships is mainly undertaken by Co. in the following two options: time charter and voyage charter. As of Dec 31 2011, Co. operated 24 bulkers and a cement carrier, representing 704,258 dead weight tonnes.
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