The quarterly deficit was THB 146.5m ($4.5m), compared to a profit of THB 20.4m last year.
Total expenses stood at THB 1.18bn, up from THB 997m in the corresponding period.
Precious Shipping’s revenue for the third quarter remained stable at THB 1.13bn.
It slipped to a loss despite an increase in freight income, which went up 47% to reach THB 435m.
The bulker company has signed 14 contracts for newbuildings worth $389.6m
