Precious Shipping Public Company Limited (PSGFF) Q3 2026 Earnings Call Transcript
Precious Shipping Public Company Limited (PSGFF) Q3 2026 Earnings Call November 2, 2026 10:15 PM EST Khalid Hashim - MD & Executive DirectorGautam Khurana - Director of Finance & Executive Director Thank you.
We will do the presentation as usual in 2 halves.
In the first half, I will talk about the industry structure.
And in the second half, Gautam will take you through the finances of the company.
Coming to the most important question, U.S.A.-Israel versus Iran.
Here, again, we've shown this slide quite often, nothing much has changed.
The Persian Gulf exports a lot of dry bulk cargo.
Now because of these dry bulk cargoes not being able to be exported from the Persian Gulf, where they are available from further away distances, they are being exported.
So to that extent, this is an inefficiency, which is actually positive for the rate environment.
If you look at the MR tankers space, which is where we are trying to expand, you will see that 12% of global refined product trade originates from West Asia and that proceeds all the way to Europe and other places.
So again, long tonne-miles, we need to get this working correctly.
And I'll just show you what's happened to the Hatthaya Naree, which is already inside the Persian Gulf and where we have not moved the ship.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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