PSL leases vessel Ratsarin Naree to Asyad Shipping of Singapore for 12-14 months

Kaohoon··THSG·Read original
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Summary · why it matters

Precious Shipping Public Company Limited, or PSL, informed the Stock Exchange of Thailand that its Ultramax vessel Ratsarin Naree has entered into a long-term charter contract with Asyad Shipping Pte Ltd of Singapore as charterer. The contract runs for 12 to 14 months, effective from 1 October 2026. The base freight rate is variable at 108% of the average freight rate over the preceding 15 days of the Baltic Exchange Supramax Index (BSI-63K). The rate under this formula currently stands at approximately 24,000 US dollars per day, which will be revenue from the long-term charter of the vessel.

Impact on assets 1

Industrials▲

Off-coverage companies 1

Asyad Shipping Pte Ltdi
Private± MixedDemandrelevance

Asyad Shipping is the charterer taking on the vessel, a capacity/operational commitment rather than a clear positive or negative.