* Avoiding Sins, and Pirates

Thailand’s Precious Shipping has sailed through the crisis while others have capsized.

By Susan J. Cunningham

As the global recession chokes off trade finance and slashes the volume of exports and imports, at least 11 big shipping lines have filed for protection from their creditors since October. But Thailand’s Precious Shipping has been riding out the storm. That’s made Managing Director Khalid Hashim one of the go-to guys when shipping reporters seek analysis …