Thailand’s Precious Shipping Public Company Limited has announced the disposal of the supramax bulk carrier Warisa Naree for $9.5m by Precious Ponds Limited, a wholly-owned Thai subsidiary of the company.
The Warisa Naree is a 53,839-dwt bulk carrier built in India in 2010. The company didn’t disclose the name of the buyer, but it said that the delivery of the ship to its new “overseas” owner is scheduled between November 25 and December 20, 2025.
The company said the transaction is part of its strategy to rejuvenate its fleet by selling its older vessels and acquiring younger and bigger vessels.
Following this sale and the inclusion of pending deliveries of six other vessels (four vessels ordered for construction but not yet delivered and two vessels purchased but not yet delivered), the company’s fleet will consist of 46 vessels with an aggregate capacity of about 2,202,351 dwt.
Regarding the payment terms, 10% of the sale price of the vessel is to be deposited to the nominated joint account of the buyer and the seller within three banking days of signing the memorandum of agreement (MOA), and the remaining balance of 90% is to be paid into the nominated joint account three banking days prior to the intended date of delivery.
According to Precious Shipping, the buyers lodged the 10% deposit on November 20, 2025.
