Thailand's Precious Shipping has fallen into the red in the first quarter as high costs hurt the bottom line.
It logged a net deficit of THB 84.14m ($2.64m), from a profit of THB 107.67m in 2018.
Daily operating costs were $4,816 higher than its target of $4,750 and 5% more than last year.
This was due to higher drydocking and special survey expenses.
