Precious Shipping Pcl (Thailand)

Precious Shipping Public Company Limited (PSL) is a dry cargo ship-owner based in Bangkok, Thailand. Established in December 1989, PSL began its commercial operations in March 1991 after receiving approvals from the Bank of Thailand and the Board of Investment. PSL obtained "listed" status on the Stock Exchange of Thailand on September 16, 1993. PSL operates in the Handysize, Supramax, and Ultramax sectors of the tramp freight market. The company provides global dry-bulk transportation services and serves as a holding company for investments in the marine transportation business. PSL's segments include Time charter and Voyage charter. Under the Time charter segment, the charterer pays charter hire to operate the vessel for a specified time period, covering all voyage expenses. In the Voyage charter segment, the charterer pays freight on a per ton basis to transport a specific cargo between designated ports, with the company bearing all voyage expenses. PSL handles various cargoes, including cement, agricultural products, steel, fertilizers, ores and concentrates, coal, and logs. The company primarily operates in the tramp freight market, employing its vessels on both time charter and voyage charter basis.