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Thai tanker owner outlines huge fleet expansion post-IPO

Thai tanker owner outlines huge fleet expansion post-IPO

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Thai tanker owner Prima Marine has a raft of new ships in its sights having successfully completed an IPO in Bangkok.

The company, whose fleet today numbers 24 ships, has outlined what’s in its shopping basket now that it is flush with funds. The ships include nine small tankers of below 10,000 dwt, one 14,000 dwt tanker, an MR, an LR, an aframax and a VLCC. It also has its eyes on a number of floaters including four FSUs and two FSOs, all to be operated in Southeast Asian waters, propelling the company to the forefront of the regional tanker trades.

Chanwit Anakkul, Prima Marine’s CEO, commented: “We seek to increase the number [of ships] continuously over the next three years to improve our potential in oil and liquid petrochemicals transport, both quantitatively and qualitatively, as well as expand our boundaries with new shipping routes such as those from Thailand to Myanmar, China and Japan. We will also expand our client base, especially from neighboring countries in Southeast Asia with good growth prospects.”

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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