{"id":93767,"date":"2026-02-18T20:31:35","date_gmt":"2026-02-18T23:31:35","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/893543121"},"modified":"2026-02-18T20:31:35","modified_gmt":"2026-02-18T23:31:35","slug":"precious-shipping-makes-product-tanker-foray","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/18\/precious-shipping-makes-product-tanker-foray\/","title":{"rendered":"Precious Shipping makes product tanker foray"},"content":{"rendered":"
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Bangkok-headquartered dry bulk specialist <\/span>Precious Shipping<\/a><\/span> is making a move into the tanker market as it seeks to diversify its business.<\/span><\/p>\n

Precious Shipping is acquiring the 47,999 dwt, 2006-built product tanker Florence for $11.1 million. It did not name the seller, however, according to Equasis the Panama-flagged Florence is owned by Asia Pacific Shipping in Vietnam.<\/span><\/p>\n

The acquisition represents a change in strategy by the long-time dry bulk shipowner specialising in the Handy, Supramax, and Ultramax trades.<\/span><\/p>\n

\u201cThe acquisition of the Vessel forms part of the Company\u2019s strategic initiative to diversify its fleet portfolio into the Tanker segment in order to broaden revenue  streams  beyond the dry bulk sector,\u201d the company said in a Stock Exchange of Thailand disclosure. <\/span><\/p>\n

\u201cThis investment supports the company\u2019s long-term business resilience by expanding  into a complementary shipping segment with different demand drivers and chartering dynamics.\u201d<\/span><\/p>\n

Related:<\/span>Dodgy owners start sending sanctioned tankers to the subcontinent<\/a><\/p>\n

The vessel is due to be delivered to Precious Shipping between 20 February and 15 March this year.<\/span><\/p>\n

Meanwhile Precius Shipping reported a full year net profit for 2025 of $13.09 million down from $41.31 million in the previous year.<\/span><\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… dry bulk specialist Precious Shipping<\/span> is making a move … diversify its business. Precious Shipping<\/span> is acquiring the 47, … owned by Asia Pacific Shipping<\/span> in Vietnam. The acquisition … expanding\u00c2\u00a0 into a complementary shipping<\/span> segment with different demand …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-93767","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/93767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=93767"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/93767\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=93767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=93767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=93767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}