Bangkok‑based Precious Shipping Public Company Limited has finalized a fresh time‑charter for its 63,000‑dwt ultramax vessel Sunisa Naree. The ship will serve Singapore‑based PACC Line for a period ranging from 11 to 13 months, commencing on 23 September.
Charter terms linked to market index
The agreement is indexed to the Baltic Exchange Supramax 63,000‑dwt (BSI 63K) time‑charter average. The gross daily rate is set at 103 % of the weighted 15‑day average, which Precious Shipping estimates to be around US$23,000 per day at the time of signing.
Vessel profile
- Name: Sunisa Naree
- Built: 2016 by Taizhou Sanfu Ship Engineering, China
- Deadweight: Approximately 63,000 dwt (ultramax class)
- Current status: Newly delivered, ready for commercial deployment
Recent fleet activity
This fixture follows another index‑linked charter announced earlier in September for Precious Shipping’s newly delivered Ratima Naree. That vessel entered a 12‑to‑14‑month charter with Trafigura Maritime Logistics at 107.5 % of the BSI 63K, translating to roughly US$22,800 per day.
Strategic shift toward larger, younger bulkers
Precise fleet management remains a priority for Precious Shipping. The company is progressively replacing older handysize and supramax tonnage with larger, more fuel‑efficient bulk carriers. Under a US$133.5 million programme, four ultramax vessels of about 63,500 dwt are being sourced from Sanfu Shipyard, with two already delivered and the remaining two slated for delivery by Q1 2027.
Diversification beyond dry bulk
In parallel with fleet renewal, Precious Shipping is expanding its product mix. The group has increased exposure to the medium‑range (MR) tanker segment, both through direct ownership and via its 45 % stake in Nusantara Maritime. This diversification aims to smooth earnings volatility associated with seasonal dry‑bulk cycles.
Outlook
Securing the Sunisa Naree charter underscores the continued demand for ultramax capacity in Asia‑Pacific trade lanes, particularly for coal and iron‑ore shipments feeding Southeast Asian steel mills. With a pipeline of newer vessels and a broadened cargo portfolio, Precious Shipping is well‑positioned to capitalize on the gradual upturn in bulk freight rates expected later in 2026 and into 2027.