Under the leadership of Chairman Mr. Prayudh Mahagitsiri, PM Group manages the businesses of various subsidiaries with assets valued over USD 2 billion. The company also holds a stake in Thoresen Thai Agencies PLC, a strategic investment holding company with three primary business groups - Transport, Energy, and Infrastructure, as well as many other associate companies such as POSCO Thainox PLC and Mermaid Maritime PLC.
Petrolift Inc. is the market leader for double-hulled tankers in the Philippine domestic tanker industry, which is an integral part of the Philippine petroleum transportation infrastructure given the Philippines geographical landscape. It has excellent customers and good charters and generates stable and predictable cash flows.
With the latest additional tanker in September 2011, Petrolift currently owns and operates a young (ten-years-old average age) fleet of nine petroleum tankers/barges, including one liquefied petroleum gas tanker.
The fleet trades primarily within Philippine coastal waters and has a total capacity of approximately 38 million litres for transporting fuel products such as refined petroleum, ethanol, and LPG. Petrolift is an accredited contractor for tankering services of the oil majors in the Philippines.
As TTA diversified and built an investment portfolio, more companies emerged within the Group. Soleado Holdings Pte. Ltd. and Athene Holdings Ltd. have both been set up to organise and hold TTA’s overseas and local investments, respectively, in an orderly manner.