Precious Shipping’s Joint Venture Nusantara Maritime Acquires D’Amico’s Oldest MR Tanker for $28.45M

Deal Summary

Thai dry‑bulk carrier Precious Shipping, via its 45%‑owned joint venture Nusantara Maritime, agreed to purchase the 2012‑built MR tanker High Tide from d’Amico International Shipping for $28.45 million. The deal expands Precious Shipping’s exposure to the product‑tanker market, following its first tanker acquisition earlier this year. The transaction was announced in a stock‑exchange filing.