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 31st January 2019, the Group Company owned 29 oil tankers with average service life of approximately 16 years, divided into 27 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) Ship Type
N.T.L. MARINE COMPANY LIMITED
Sri Krabi Thai 2,016.41 Trading
Siri Thana Thai 4,999.42 Trading
Sri Phuket Thai 4,999.00 Trading
Sri Nara Thai 4,999.00 Trading
Sri Phang Nga Thai 2,111.41 Trading
Sri Tah Thong Thai 1,868.56 Trading
Sri Tah Chana Thai 2,975.00 Trading
Sri Bandon Thai 3,138.00 Trading
Sri Tapee Thai 3,007.00 Trading
Siri Pipat Thai 3,497.15 Trading
Sri Kanchanadit Thai 2,911.00 Trading
Sri Surat Thai 2,999.00 Trading
Sri Donsak Thai 3,020.76 Trading
Sri Khirichad Thai 4,988.00 Trading
THAIMARINE TANKER COMPANY LIMITED
Bhureemas Thai 7,099.00 Trading
BIG SEA COMPANY LIMITED
SS 09 Thai 1,929.00 Trading
SS 10 Thai 1,830.00 Trading
SS 14 Thai 2,375.00 Trading
SS 15 Thai 1,897.00 Trading
SS 17 Thai 2,308.00 Trading
SS 101 Thai 3,200.00 Trading
SS 20 Thai 1,907.00 Trading
SS 21 Thai 1,940.00 Trading
SS 102 Thai 2,384.00 Trading
SS 103 Thai 2,384.00 Trading
SS 104 Thai 6,400.00 Trading
SS 105 Thai 3,187.00 Trading
Total 86,369.71
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 COMPANY LIMITED
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 COMPANY LIMITED
Northern Pearl Thai 108,468.00