SET-listed Prima Marine, an operator of marine transport and storage of crude oil and petroleum products, plans to allocate 4.37 billion baht to purchase new marine vessels this year to grow its business.
Bowon Vongsinudom, chairman of the Prima Marine board, said the company plans to expand its marine fleet by taking over Thai Oil Marine, a subsidiary of Thai Oil Plc, Thailand's largest oil refinery by capacity.
The move comes as Thai Oil restructures its businesses by exiting marine transport service, according to a press release issued by the company.
