Trading Ship Business

Business of oil tankers, petroleum products
and liquefied petroleum gas (“Oil Tanker Business”)

Nature of Service Provision

The Group Company provides its transport service to customers operating oil refineries and to major oil traders for marine transportation of goods from different sources to destinations; whereas, the Group Company shall provide effective oil tankers to meet customers’ demands shall also provide crew members who have knowledge, abilities and expertise for safe transportation of goods in accordance with customers’ demands as well as for performance of works as per conditions agreed between the Group Company and its customers.

Goods Transported by the Group Company

Goods transported by the Company by ship are liquid goods; whereas, the Company has its expertise in transporting crude oil, petroleum products, semi-petroleum products and liquefied petroleum such as gasoline, diesel fuel, A1 jet fuel, Naphtha, Cyclohexane, Ethanol, Paraxylene, mixed xylene and Toluene, etc.

Nature of Transport Service Provision

The Company provides its marine transport service in 2 main shipping routes including 1) domestic transport routes and 2) international transport routes, as per the following details:

1. Domestic transport routes

Oil tankers of the Group Company shall pick up goods from oil refineries, fuel depots or ports of loading in Thailand such as Sri Racha, Rayong and Bangkok (Bangchak) and shall deliver goods at fuel depots or ports of discharge in Thailand such as SuratThani, SamutSakhon, Phuket, Songkhla and Bangkok; whereas, the Group Company shall use oil tankers with the capacity of 2,000-10,000 DWT for transport.

2. International transport routes

Oil tankers of the Group Company shall pick up goods from ports of loading in Thailand such as Maptaphut Port in Rayong Province and Sri Racha Port in Chonburi Province and shall deliver goods at ports of discharge in Singapore, Cambodia and Vietnam. Moreover, the Group Company has also provided transport services from its floating storage unit (FSU) in Malaysian waters to ports as required by customers.

Oil Tankers used in Service Provision

Oil tankers are regarded as a key part of business operation; whereas, the Group Company shall select oil tankers which are proper to customers’ demands by taking account of the following factors:

  1. Nature and characteristics of goods
  2. Capacity of oil tanks which shall be proper to customers’ demands and shall result in the most effective cost of transport for customers
  3. Transport routes, depth of seaway and tidal height levels at ports of loading and ports of discharge, transport period
  4. Vessel Approval List, in case, customers and the Company had COA transport contracts

As of 30th March 2018, the Group Company owned 15 oil tankers with average service life of approximately 16 years, divided into 13 small crude carriers (with the capacity of less than 10,000 DWT) and 2 Aframax oil tankers (with the capacity of 80,000-120,000 DWT), as per the following details:

Small Oil Tankers (with the capacity of less than 10,000 DWT)

List of oil tankers owned by the Group Company

Vessel Name Country of Vessel Registration Capacity (DWT)
N.T.L. Marine Co., Ltd.
Siri Thana Thai 4,999
Sri Nara Thai 4,999
Sri Phuket Thai 4,999
Sri Bandon Thai 3,138
Sri Tah Chana Thai 2,975
Sri Krabi Thai 2,016
Sri Phang-Nga Thai 2,111
Sri Tah Thong Thai 1,869
Sri Tapee Thai 3,022
Sri Don Sak Thai 3,021
Sri Khiri Chad Thai 4,988
Sri Kanchanadit Thai 3,000
Thaimarine Tanker Co., Ltd.
Bhureemas Thai 7,147
total 48,284
Aframax Oil Tankers (with the capacity of 80,000 - 120,000 DWT)

1. Table of Oil Tankers owned by Subsidiaries

Vessel Name Country of Vessel Registration Capacity (DWT)
Singha Tankers Co., Ltd.
Radiant Star Thai 105,996

2. Table of Oil Tankers owned by Joint Venture

Vessel Name Country of Vessel Registration Capacity (DWT)
TOP-Nautical Star Co., Ltd.
Northern Pearl Thai 105,535