Thailand’s Precious Shipping Public Company Limited (PSL) has sealed a long-term charter for one of its handysize vessels with Louis Dreyfus Company Suisse SA.
Precious Shipping Public Company Limited notified the Stock Exchange of Thailand (SET) that its handysize vessel Napha Naree was fixed on a 9-12month charter to Louis Dreyfus Company Suisse SA, Switzerland.
The fixture commences on February 22, 2026, at a gross variable rate equivalent to 110% of the Baltic Exchange Handysize Index (BHSI-38K) weighted time charter average value over the previous 15 days.
According to PSL, this variable rate currently stands at about $13,400 per day.
Earlier this month, PSL announced the acquisition of a second-hand medium range (MR) tanker by Precious Horizon, a wholly-owned Singapore subsidiary of the company.
The company said that its subsidiary has completed the signing of memorandum of agreement on February 11 for the acquisition of the 47,999-dwt MR tanker Florence, built in Japan in 2006.
The purchase price of the vessel is $11.10m or about THB344.62m which is the market price.
The delivery date is scheduled between 20th of February and 15th of March 2026.
Precious said the acquisition forms part of the company’s strategic initiative to diversify its fleet portfolio into the tanker segment in order to broaden revenue streams beyond the dry bulk sector.
This investment supports the company’s long-term business resilience, Precious added, by expanding into a complementary shipping segment with different demand drivers and chartering dynamics.
