PSL set to benefit from rate upswing | Bangkok Post: business

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PSL set to benefit from rate upswing

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Shipping rates are expected to see major improvement from the end of next the quarter onwards thanks to improving global economies, benefiting Thailand's major dry-bulk carriers such as Precious Shipping Plc (PSL), say senior executives. 

Managing director Khalid Hashim also said the shipping rate should improve after industry seasonality ends.

"Chinese New Year, the 'January effect' and weather patterns are three reasons that cause the Baltic Dry Index (BDI) to fall at the start of each year and then bounce back equally sharply by the end of the first quarter," he said.

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