Thoresen Thai Agencies PCL

OTC:THAFF

Business Description

Sector

Industrials

Industry

Industrial Conglomerates

Headquarters

Thailand TH

Employees

2 531

IPO date

Sep 25, 1995

Thoresen Thai Agencies PCL is a Thailand-based shipping and marine services company. Its core business is dry bulk shipping, where it earns money by moving cargo such as coal, grain, and other raw materials for industrial customers under charter contracts. It also has offshore support vessels and related marine services that work for oil and gas companies and other offshore operators.

The company makes money mainly from freight rates, vessel charters, and service contracts tied to its fleet and marine assets. That makes it a capital-intensive business: the company owns and manages ships and earns income from putting those ships to work for customers that need ocean transport or offshore vessel support.

What sets TTA apart is its role as a link in the physical supply chain. It does not sell finished consumer products; it provides the ships and marine capacity that move bulk commodities and support offshore energy activity. That makes its business closely tied to global trade, shipping demand, and the availability of specialized vessels.