Annual Report
2010
Investment in Subsidiaries
Nature of Business
General Warehouse Co., Ltd.
The Company is a sole shareholder in General Warehouse Co., Ltd., which renders services in rental of 8,000 m2 warehouse space and two jetties.
Asimar Marine Co.,Ltd.
Asimar Marine Ltd. conducts business as ship repair contractor to the Company due to growing demand of the workforce in the market. The Company has great intention to develop highly skilled workforce to meet the standards set forth by Ship Classification Society.
Ecomarine Co., Ltd.
Ecomarine Co., Ltd. is a joint venture between ASIMAR and GLOBELCO S.p.A. from Italy with the shareholding structure of 80% and 20% respectively. ECOMARINE is a builder of vessels and renders services in the field of water antipollution e.g. debris collection, oil spill recovery, algae and weed harvesting for both private and public sectors. Moreover, GLOBELCO S.p.A. has been continuously supporting ECOMARINE Co., Ltd. in terms of both technology transfer and patented ship plans to further develop the industry as well.
ASIMAR Group structure as of 31 December 2010
Asian Marine Services PCL. Paid up capital 234.8 Million Baht Ship repair and Ship building
99.99%
99.90%
General Warehouse Co., Ltd. Paid up capital 10.0 Million Baht Warehouse
Asimar Marine Co., Ltd. Paid up capital 5.0 Million Baht Sub-contractor in ship repair business
80.00%
Ecomarine Co., Ltd Paid up capital 25.0 Million Baht Water pollution control services
92
Asian Marine Services Public Company Limited