Precious Shipping tanker venture takes d’Amico’s oldest MR

Thai dry bulk giant Precious Shipping has officially diversified its fleet portfolio by acquiring the oldest MR tanker from d’Amico International Shipping. This strategic vessel acquisition is facilitated through Nusantara Maritime, a Malaysian joint venture where Precious Shipping maintains a 45% stake. The move marks a significant shift for the Bangkok-listed firm as it expands its footprint in the liquid cargo sector, signaling a broader trend of dry bulk operators seeking stability through tanker market integration and fleet modernization.

The integration of an aging MR tanker into a new fleet requires rigorous adherence to international maritime standards, particularly regarding MARPOL Annex I regulations concerning oil pollution prevention. Compliance departments must ensure the vessel meets strict IMO 2020 sulfur cap requirements and undergoes comprehensive surveys under the International Convention for the Safety of Life at Sea (SOLAS) Chapter II-1. Maintaining structural integrity and machinery standards as mandated by classification societies is critical to mitigating the operational risks associated with older tonnage in the global tanker trade.

For masters and chief engineers, this acquisition necessitates a thorough review of the vessel’s existing Planned Maintenance System (PMS) and historical safety records. Navigating officers must familiarize themselves with the specific cargo handling protocols required for MR tankers, which differ significantly from dry bulk operations. Crew members should prioritize updated familiarization training regarding emergency response procedures and ballast water management systems to ensure seamless operational continuity and full regulatory compliance under the new ownership structure.