In the era of open market and international integration, Vietnam’s economy has been in rapid development for years. As a result, the market of petroleum transportation sees a wide perspective of increasing . Foreseen this development, the Founders of Prime Shipping Corporation quickly grabbed this opportunity. The 1st day of March 2007 marked the inception of Prime Shipping Corporation with business registration Certificate issued by Department of Planning & Investment.
The first vessel, Prime Success 2.005 DWT was bought and taken over in May 2007. At that point in time, Prime Success was the unique bitumen tanker in Vietnam. She satisfied the strictest standards and requirements of OCIMF and Oil Majors. After delivery, the vessel was chartered by Petronas - Malaysian National Oil Company under long-term time charter.
In the early days, the Company faced many challenges: lack of experience and human resources, the Ship Management was contracted to Foreigners and Crew had to be also outsourced from Manning Company. Deeply understanding such limits, the Board of Management and Staffs had been striving to form the Safety Management System and building up our own team of Crews. The beginning of 2009 marked a significant turn in the growth of the Company, Safety Management System was launched and the very first ship crew recruited. Since then, inspection by foreign Inspectors has been carried out periodically along with continued improvement of management system in order to increase staffs’ skills, abilities to cope with tight requirements of oil transportation.
On the development, expanding tanker fleet has been our target from the beginning and we keep holding on by bringing in Prime Steady (2.136 MT), Prime Serene (6.815 MT), Prime Sky (12.940 MT), Prime Sun (13.006 MT), Prime Senator (17.845 MT), Prime Synergy (30.957 MT) và Prime Splendour (45.217 MT) to enable our services to approach more markets domestically as well as regionally.