25JUN2019 - NEWS - Prima Marine PCL expects strong growth in 2019

Prima Marine PCL (SET: PRM), Thailand’s largest integrated provider of marine transport and storage solutions for petroleum products and liquefied petrochemicals, expressed confidence that it will record strong growth in 2019, driven by strong performance in all segments. It highlights strong performance in the domestic transport vessel segment following the successful execution of a fleet expansion plan, notes that it is buying an additional 10% of Big Sea shares, and, following IMO2020 regulations so the utilisation rate of FSUs will reach 100%, it is ready to expand its FSU fleet to seven units. It expects to post 10-15% revenue growth rate as projected for the year.