Pilatus Marine to buy vessels for 1.05bn baht, eyeing international and Vietnamese expansion

Photo: pilatusmarine.co.th 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. The incoming ships, each having a charter time of 15 years, are set to boost the company’s gross profit margin. According to Varawit Chimtawan, Pilatus Marine’s Chief Executive, 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.

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