Precious Shipping Joint Venture Acquires d’Amico MR Tanker
Precious Shipping's Malaysian joint venture, Nusantara Maritime, has purchased the 2012-built MR tanker *High Tide* from d’Amico International Shipping. This acquisition marks a further expansion for Precious Shipping into the tanker sector, diversifying its portfolio beyond…
Precious Shipping, a dry bulk owner based in Thailand, has expanded its presence in the tanker market through a recent acquisition. Its Malaysian joint venture, Nusantara Maritime, has agreed to purchase the *High Tide*, a 2012-built MR tanker, from d’Amico International Shipping. Precious Shipping holds a 45% stake in Nusantara Maritime via a Singaporean subsidiary.
This move signifies Precious Shipping's continued diversification beyond its traditional dry bulk operations. The company has been strategically entering the tanker segment to broaden its asset base and revenue streams.
For freight forwarders and shippers, this transaction indicates a slight shift in vessel ownership within the MR tanker segment. While not directly impacting immediate rates or capacity, it reflects ongoing fleet adjustments by carriers. Such acquisitions can contribute to fleet modernization or expansion, potentially influencing future service offerings or regional availability in the long term.