Pilatus Marine, a SET-listed company and Thailand’s leading liquefied petroleum gas (LPG) transport operator, is set to acquire three large used liquid-carrying vessels for a total cost of 1.05 billion baht. This move is aimed at expanding their services overseas.
Operating in both marine and land transport of LPG, Pilatus Marine also leases vessels to other companies. The incoming ships, each having a charter time of 15 years, are set to boost the company’s gross profit margin. According to Pilatus Marine Chief Executive Varawit Chimtawan, the gross profit margin is predicted to surge to about 20-25%.
Each of the vessels, priced at 350 million baht, is set to be shipped to the company between 2023 and 2025. The first vessel is due to be delivered to Pilatus next month. These ships are intended to serve customers engaged in marine transport on…
