Background and Major Developments

At present, the Group Company provides its integrated service of marine transportation and storage of petroleum products to its customers, including service provision of transport vessels and marine operation support, and ship management

Prima Marine Public Company Limited (“Company”), including its subsidiaries, affiliates and joint ventures (“Group Company”), has operated a business of marine transportation and the storage of crude oil, petroleum products, semi-petroleum products and liquefied petroleum (“Goods”), support of offshore petroleum exploration and production and ship management since 1987 with the establishment of Nathalin Co. Ltd. “Nathalin” which provided transportation of petroleum products to the Petroleum Authority of Thailand

On 23rd March 2007, Nathalin established Nathalin Offshore Co., Ltd., and expanded its business to other sectors in connection with the oil and liquefied petroleum industry such as the transport and storage of crude oil and petroleum products (Floating Storage Unit), offshore support vessels, and ship management services.

On 10th August 2015, Nathalin Offshore Co., Ltd., was renamed as Prima Marine Co., Ltd., and was restructured to be a flagship company, and was merged with companies and businesses in connection with marine transportation and the storage of petroleum products, support of offshore petroleum exploration and production, and ship management; under the supervision of the Company in order to improve its business efficiency, including diversification and competitiveness.

At present, the Group Company provides its integrated service of marine transportation and storage of petroleum products to its customers, including service provision of transport vessels and marine operation support, and ship management; whereas, the service provision of the Group Company has played its key role to the supply and value chain of the oil and petrochemical industry, and with the care of quality and standard of service provision, the Group Company has earned its trust by domestic and overseas customers.

Background and Significant Development of the Group Company