management & shareholders - Thoresen Thai Agencies PCL

Thoresen Thai AgenciesPublic Company LimitedNATURE OF BUSINESSSHIPPING SERVICES• Ship BrokerageFearnleys (Thailand) Ltd., is a local joint venture between Thoresen(51%) and Fearnleys A/S of Norway (49%), one of the world’slargest ship brokerage houses. The company fulfills the role of a brokerbetween cargo interests and ship owners, and has become thelargest ship broking company in Thailand.The company also acquired 100% of PT. Fearnleys Indonesia in2002, thereby expanding and strengthening its marketing position.• Ship Maintenance and RepairsT.S.C. Maritime Ltd., which is 100% owned by Thoresen, focuseson wet and dry blasting, painting, and steel work onboard vessels,combined with reconditioning and overhaul of various marinemachinery. The majority of work is currently performed onThoresen-owned vessels; the objective is for the company togradually expand its third party client base.• Offshore Related ServicesMermaid Maritime performs a wide range of maritime services,mainly geared towards local and international clients within themerchant shipping and offshore oil & gas industries. The companyis accredited and authorized by all the major classification societiesand international maritime organizations to provide:♦ Offshore service & support vessels♦ Diving and ROV services♦ Non Destructive testing♦ Safety Equipment service & supply♦ Other specialist servicesMermaid Maritime was a pioneer in offering such services inThailand, and has firmly established itself as the local leader withinits field of operations. In recent years the company has alsoexpanded overseas and now executes large contracts in other SouthEast Asian and Middle Eastern countries.Mermaid Maritime was first established in 1982 and is a joint venturebetween TTA and a group of local and foreign professionals.11