Post by account_disabled on Jan 3, 2024 4:23:13 GMT
'Prima Marine Public Company Limited' or "PRM") continues to show strong fleet potential after 3Q19, the domestic shipping fleet and new FSU ships began providing services to customers, generating income. Receive the rhythm of the demand for ships in the domestic shipping group and FSU continuing to increase. and realized income from increasing the proportion of investment in Big Sea to 80%, supporting the performance to grow as expected. Mr. Chanwit Anakkul, Chief Executive Officer of Prima Marine Public Company Limited ("PRM"), a provider of transportation and storage services for petroleum products. and Thailand's largest fully integrated liquid petrochemical vessel operator. Revealed that the overall performance of PRM's petroleum tanker service business in the 3rd quarter of 2019 has increased in strength.
From the start of service of 2 additional domestic transport ships purchased and gradually Email Data providing service to all ships in this quarter. As a result, at present the company There is a group of 32 domestic transport vessels, ready to provide services to customers whose needs are increasing according to the demand for domestic oil consumption. In addition, the company also receives support from the recognition of income and profits from operations. of Big Sea after PRM increased its shareholding proportion from the original 70% to 80% as well. As for the ship business group, floating oil transport and storage vessels, or FSUs, will recognize revenue from service ships totaling 8 After starting to provide service to customers from July to August, respectively.
To meet the increasing demand for oil transportation and storage services. It currently has a full 100% utilization rate following the IMO 2020 regulations which require the use of low sulfur fuels. It will come into effect from January 1, 2020 and will also receive support from service rates that have increased. As a result, the company You can harvest income to drive exponential growth. “This year is considered to be a good year for PRM with strong operating results and outstanding growth rates. This is a result of fleet expansion and management in line with market trends, allowing PRM to reap maximum revenue from its operations. This will push this year's operating results to grow as planned," Mr. Chanwit said.
From the start of service of 2 additional domestic transport ships purchased and gradually Email Data providing service to all ships in this quarter. As a result, at present the company There is a group of 32 domestic transport vessels, ready to provide services to customers whose needs are increasing according to the demand for domestic oil consumption. In addition, the company also receives support from the recognition of income and profits from operations. of Big Sea after PRM increased its shareholding proportion from the original 70% to 80% as well. As for the ship business group, floating oil transport and storage vessels, or FSUs, will recognize revenue from service ships totaling 8 After starting to provide service to customers from July to August, respectively.
To meet the increasing demand for oil transportation and storage services. It currently has a full 100% utilization rate following the IMO 2020 regulations which require the use of low sulfur fuels. It will come into effect from January 1, 2020 and will also receive support from service rates that have increased. As a result, the company You can harvest income to drive exponential growth. “This year is considered to be a good year for PRM with strong operating results and outstanding growth rates. This is a result of fleet expansion and management in line with market trends, allowing PRM to reap maximum revenue from its operations. This will push this year's operating results to grow as planned," Mr. Chanwit said.