In the course of my analysis of Singapore Shipping, I came across the annual report of Precious Shipping – a Thai dry bulk shipping company – which contains the most over-elaborated explanation of a business and industry that I have ever come across. Nevertheless, I felt that some of the information, while merely factual, is useful in enhancing one’s understand of the industry. As an introductory piece, we will be covering 5 facts about the shipping industry. 1. There are 11 vessel classes This chart provides a good overview of the vessel types and sizes. Car carriers are also called Roll-on Roll-off (RoRo in short). Pure Car/Truck Carrier (PCTC) is another term for car carriers. DWT stands for deadweight tonnage and refers to the amount of weight a ship can safely carry or is currently carrying. It does not include the weight of the ship itself. Demand for the Handysize ......