Precious Shipping Public Company Limited is a Thailand-based holding company engaged in the marine transportation business. The Company and its subsidiaries’ operations involve the business of owning, internationally operating and chartering small handy sized and supramax dry bulk vessels on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. The Company’s subsidiaries comprise Great Circle Shipping Agency Limited engaged in the provision of technical management services for ships owned by the Company; Thebes Pte. Limited; Precious Shipping (Mauritius) Limited; Precious Shipping (Singapore) Pte. Limited, and Precious Shipping (UK) Limited.