Precious seals fresh ultramax fixture
Thailand’s Precious Shipping has lined up another index-linked ultramax charter, fixing the Sunisa Naree to Singapore’s PACC Line for up to 13 months. The Bangkok-listed owner told the stock exchange that the charter started on September 23 for 11 to 13 months at a gross variable rate equivalent to
Maritime Charter Analysis
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Fixture Details: Precious Shipping fixed the Sunisa Naree to PACC Line for 11 to 13 months.
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Operational Start: The charter agreement officially commenced on September 23.
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Vessel Classification: The vessel involved in the transaction is an ultramax dry bulk carrier.
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Contract Structure: The deal is set at a gross variable rate indexed to market performance.
Shipping Market & Stakeholder Impact
Bangkok-listed owner secured a long-term revenue stream for its ultramax fleet.
Singapore-based charterer secures capacity for the ultramax segment through 2025.
Contract Duration Monitor
- Charter expiration window expected between August and October 2025
Charter Agreement FAQs
What is the duration of the Sunisa Naree charter? ▾
The charter is fixed for a period of 11 to 13 months.
How is the charter rate calculated? ▾
The contract utilizes a gross variable rate linked to a specific market index.
This dispatch has been curated by Press Glob under international press wire fair-use reporting standards. Access the original reporting directly below.
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