PSL orders four new ships worth 4,767.32 million baht

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Precious Shipping Public Company Limited, or PSL, informed the Stock Exchange of Thailand that on 30 September 2026 the company signed four newbuilding contracts with Taizhou Sanfu Ship Engineering Co., Ltd. for four Ultramax dry bulk carriers of 64,500 deadweight tons each. All four vessels will fly the Singapore flag. Delivery dates are 30 April 2030 for hull SF260101, 31 July 2030 for SF260102, 31 October 2030 for SF260103, and 31 January 2031 for SF260104. The contract price is 35.45 million US dollars per vessel, or 141.80 million US dollars for all four, equivalent to approximately 4,767.32 million baht. Payment is divided into five installments of 25%, 15%, 10%, 10%, and a final 40% payable on delivery. Funding is expected to come from the company's internal cash flow and loans from financial institutions. The total transaction value represents approximately 15.77% of total assets according to the reviewed consolidated financial statements as of 30 June 2026, and the transaction does not fall under the criteria requiring disclosure as a significant transaction or a connected transaction. After the purchase and delivery of these four new vessels, together with two other newbuildings ordered earlier but not yet delivered, PSL's fleet will increase to 47 vessels with a total deadweight tonnage of approximately 2,335,869 deadweight tons.

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Taizhou Sanfu Ship Engineering Co., Ltd.Private▲ Positive
Demandrelevance

Taizhou Sanfu Ship Engineering won a contract to build four 64,500 dwt Ultramax dry bulk carriers for PSL.

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