19NOV2019 - NEWS - Thailand’s Prima Marine expands floating storage units business as IMO 2020 looms

Thailand’s Prima Marine Public Company Limited said that it has expanded its floating storage units business to support demand for storing and blending low sulfur fuel oils, as the International Maritime Organization’s 2020 global sulfur mandate looms.

Prima Marine is among the largest fully integrated business operator in oil tanker and oil and petroleum storage in Thailand.

The company invested in two floating storage units, or FSUs recently, Prima Marine said in a report detailing its latest quarterly management discussion and analysis Thursday.

Prima Marine’s latest FSU additions are in line with the company’s strategy to invest in this segment since the end of 2018 and take the company’s new delivered FSU fleet to a total of three so far this year, the company said.