- CEO
- Khalid Moinuddin Hashim
- Full Time Employees
- 140
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- No. 8 North Sathorn Road Bangkok BM Thailand 10500
- IPO Date
- Sep 16, 1993
- Business
- Precious Shipping Public Company Limited owns and operates dry bulk ships on a tramp shipping basis worldwide; the company engages in ship chartering, ownership, investment in marine transportation, and ship management, handling cargoes including cement, agricultural products, steel, fertilizers, ores and concentrates, coal, and logs. It operates a fleet of approximately 40 vessels comprising 8 Supramax, 8 Ultramax, 20 Handysize, and 4 cement carriers with a total capacity of 1,737,504 deadweight tons; segments include time charter, where charterers pay hire and bear voyage expenses, and voyage charter, where the company bears such costs and receives freight per ton. Founded in 1989 and headquartered in Bangkok, Thailand, Precious Shipping conducts operations internationally with subsidiaries in Singapore, such as Precious Shipping (Singapore) Pte Ltd., Precious Wisdom Pte Ltd., and recently incorporated entities PSL Energy Pte. Ltd. and Precious Horizon Pte. Ltd. in September 2025 for energy transportation. Recent developments include a USD 30 million term loan from Krung Thai Bank in March 2025 to reimburse the purchase of M.V. Napha Naree and finance another second-hand dry bulk carrier; acquisition of two ultramax newbuilding resales at USD 37.25 million each announced in November 2025; and expansion into energy transportation via new subsidiaries.