PRM
23 April 2024 16:38
7.75 THB
Change (% Change)
-(-%)
Volume (Shares)
5,513,230
Value ('000 Baht)
42,740
Unit:Million baht
Assets
Revenue
Net Profit
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Annual Registration Statement / Annual Report for the Year (Form 56-1 One Report) Year 2023
Annual Report Year 2020
Financial Statement Year 2023
Set Announcements
23 April 2024
Reporting Share Repurchase form for financial management purposes
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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.

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:

Nature and characteristics of goods

Capacity of oil tanks which shall be proper to customers’ demands and shall result in the most effective cost of transport for customers

Transport routes, depth of seaway and tidal height levels at ports of loading and ports of discharge, transport period

Vessel Approval List, in case, customers and the Company had COA transport contracts

As of 1st July 2021, the Group Company 2 oil tankers with average service life of approximately 15 years, divided into 1 Aframax oil tanker (with the capacity of 80,000 - 120,000 DWT) and 1 VLCC oil tanker (with the capacity of 200,000 - 320,000 DWT), as per the following details:

Capacity of
80,000 - 120,000 DWT
and
200,000 - 320,000 DWT
Avg Age

15 YEARS

Total

2 VESSELS

1. Table of Oil Tankers owned by Subsidiaries

Vessel Name Country of Vessel Registration Capacity (DWT) Ship Type
Aframax Oil Tanker (with the capacity of 80,000 - 120,000 DWT)
SINGHA TANKERS COMPANY LIMITED
Radiant Star Thai 105,996.00 Aframax
VLCC Oil Tanker (with the capacity of 200,000 - 320,000 DWT)
PROTEA INVESTMENT GROUP LIMITED
Tenki Panama 313,987.00 VLCC
Total 419,983.00
Prima Marine

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