Precious Shipping Chartered Sunisa Naree to PACC Line
The vessel charter agreement between the two firms will span 11 to 13 months.
Updated on Sept. 25, 2026 in Transportation
Precious Shipping has secured a charter agreement for the Sunisa Naree with PACC Line. The contract, which began on September 23, 2026, secures a daily rate based on current market indices.
Why it matters
The deal reflects a broader strategy by Precious Shipping to modernize its fleet by transitioning toward larger and younger bulk carrier vessels. This move allows the company to optimize its operational capacity while leveraging index-linked revenue models.
The Sunisa Naree features a capacity of approximately 63,000 dwt and currently earns an equivalent rate of roughly $23,000 per day. The charter agreement is linked to the Baltic Exchange Supramax Index 63K weighted time-charter average.
The players
Precious Shipping
This Thailand-based shipping company focuses on the ownership and operation of dry bulk vessels.
PACC Line
Based in Singapore, this organization provides global shipping and maritime transportation services.
Taizhou Sanfu Ship Engineering
This Chinese shipbuilder specializes in the construction of various commercial maritime vessels.
The details
The Sunisa Naree was built by Taizhou Sanfu Ship Engineering in 2016. Under the agreement, the rental rate is calculated using the Baltic Exchange Supramax Index 63K weighted average from the preceding 15 days.
Timeline
The Sunisa Naree was built in 2016.
The Ratima Naree charter fixture was finalized in September 2026.
The Sunisa Naree charter officially began on September 23, 2026.
Two additional ultramaxes are scheduled for delivery by the first quarter of 2027.
Market Landscape
This transaction follows the pattern set by the previous chartering of the Ratima Naree to Trafigura Maritime Logistics. It underscores a shift in industry logistics as firms seek to optimize fleet utilization through index-linked agreements.
The charter agreement helps stabilize operational revenue for the shipping operator, impacting how the firm manages its capital expenditures on new fleet programs. Customers may see improved service reliability as the company shifts toward larger and more efficient vessel classes.
The takeaway
The deployment of the Sunisa Naree highlights the importance of index-linked charters in the modern dry bulk market. Investors should monitor how Precious Shipping utilizes its $133.46 million ultramax program to maintain competitiveness against industry rivals.
What happens next
Precious Shipping expects the delivery of two additional ultramax vessels by the first quarter of 2027, which will further expand its fleet capacity.
Further reading
For more information on current maritime logistics trends, visit Transportation.
Source note: This article includes information reported by Splash247.
