Precious Shipping seals charter with Louis Dreyfus for handysize

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