Prime Marine
Prime Marine is a privately held Greek maritime transportation company that provides global seaborne shipping of refined petroleum products, light chemicals, naphtha, LPG and ammonia for energy and commodity shippers, managing a fleet of 14 tankers via affiliated PRIME Tanker and PRIME Gas management entities.
- Company typePrivate
- Founded1999
- HeadquartersKallithéa, Greece
- Headcount—
- GTM typeB2B
- OfferingServices
What Prime Marine does
Prime Marine is a privately held Greek maritime transportation provider, founded in 1999 and headquartered in Kallithea, Athens, that operates a mixed fleet of product and oil tankers worldwide. The company's core offering is the seaborne transportation of refined petroleum products, light chemicals, naphtha, LPG and ammonia on behalf of energy and commodity shippers, executed under voyage and time charter arrangements. Technical management of the fleet is delivered through two affiliated in-house management companies — PRIME Tanker Management (covering the product and oil tanker fleet) and PRIME Gas Management (covering LPG and ammonia carriers) — which together hold ISM, ISPS, TMSA, ISO 9001:2015, EN ISO 14064-1 and GHG Protocol certifications, supplemented by Helmepa membership and EcoVadis recognition as the 1st Ship Manager Globally.
The operational fleet currently spans 14 managed vessels, down from a peak of more than 45, and is organized into LR1 product tankers (Flagship series, ~74–75k DWT), MR product/chemical tankers (Cape Avanti, Cape Andiamo, ~50.5k DWT), LR2 product tankers (Cape Olympus, Cape Antibes, ~114–115k DWT) and a crude oil tanker (RS Tara, 160k DWT), built primarily at leading Korean and Chinese yards between 2011 and 2026. Prime Marine also provides third-party technical management services to external vessel owners (e.g., the Cape-series tankers) on a fee basis, embedding its HSQE systems into externally-owned tonnage as a secondary revenue stream.
The company sells exclusively through direct, relationship-driven B2B enterprise engagement from its Kallithea headquarters, with charter rates and management fees negotiated bilaterally and not publicly disclosed. The management team has more than 80 years of combined industry experience, and the company has published annual ESG reports continuously since 2020, reflecting a positioning around safety, quality and environmental compliance as the primary competitive lever. No public listing, external shareholders or financial disclosures are documented in the available material.
Prime Marine firmographics
Firmographics- Name
- Prime Marine
- Legal name
- Prime Marine
- Website
- https://prime-marine.net
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Short description
- Prime Marine is a privately held Greek maritime transportation company that provides global seaborne shipping of refined petroleum products, light chemicals, naphtha, LPG and ammonia for energy and commodity shippers, managing a fleet of 14 tankers via affiliated PRIME Tanker and PRIME Gas management entities.
- Ownership category
- akta.pro rank
Prime Marine industry classification
Industry- Product category
- Maritime Transportation Services
- NAICS
- Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Marine Cargo Handling (488320)
- SIC
- Water Transportation (4400), Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Deep-Sea Container Terminals (Mainline / Transshipment Hubs) (TLAHAAAA)
- akta.pro secondary industry
- Coastal/Sea Towage (Long-Distance Towing of Vessels/Barges) (TLAHAHAE)
Keywords
Where Prime Marine is headquartered
LocationHeadquarters
- HQ city
- Kallithéa
- HQ country
- Greece
- HQ region
- Europe
Offices1 record
Markets served
Prime Marine business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Seaborne transportation services: Revenue is generated by shipping refined petroleum products, light chemicals, naphtha, LPG and ammonia on behalf of customers worldwide, typically under voyage or time charter arrangements.
- Technical management services for third-party vessels: Technical management of vessels owned by third parties (e.g., Cape-series vessels), generating fee-based management revenue alongside the company's own fleet operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Charter rates and management fees are quote-based and negotiated per engagement. |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Prime Marine product offering
Product offeringCore offering
Prime Marine is a maritime transportation service agency that provides global seaborne transportation of refined petroleum products, light chemicals, naphtha, LPG, and ammonia to energy and commodity customers under voyage and time charter arrangements. It operates a mixed modern fleet of LR1, MR, and LR2 product tankers plus an oil tanker through its affiliated ship-management companies PRIME Tanker and PRIME Gas, and also offers fee-based technical management services to third-party vessel owners.
Product overview
Prime Marine operates as a single, fully integrated maritime service platform (not a modular SaaS suite), centered on global seaborne transportation of refined petroleum products, light chemicals, naphtha, LPG, and ammonia. The offering is delivered through three coordinated components: (1) the operational fleet — split into LR1 Product Tankers (Flagship series), MR Product/C chemical tankers (Cape Avanti, Cape Andiamo), LR2 Product Tankers (Cape Olympus, Cape Antibes), and an Oil Tanker (RS Tara); (2) the affiliated ship-management entities PRIME Tanker and PRIME Gas, which run the Health, Safety, Quality and Environmental (HSQE) systems and hold certifications such as ISO 9001:2015, EN ISO 14064-1, and GHG Protocol; and (3) supporting compliance services including annual ESG reporting (2020–2024) and a dedicated Environmental Department. Together, these elements form Prime Marine's vertically integrated shipping operation, which manages 14 vessels and serves customers worldwide.
Differentiator
Problem solved
Functional benefit
Brands
- PRIME Tanker: Affiliated management company overseeing Prime Marine's product tanker fleet (Health, Safety, Quality and Environmental systems).
- PRIME Gas
Products and services
- Seaborne Transportation Services (Refined Petroleum, Light Chemicals, Naphtha, LPG, Ammonia) Global shipping services for refined petroleum products, light chemicals, naphtha, LPG, and ammonia, delivered as integrated, safe, timely, and reliable maritime transportation under voyage or time charter arrangements for energy and commodity customers worldwide.
- Technical Management Services for Third-Party Vessels Fee-based ship-management services extended to owners of product, chemical, and oil tankers, covering HSQE systems, periodic inspections, audits, and day-to-day operational supervision under ISM, ISPS, and TMSA compliance.
- ESG / Sustainability Reporting Service
Quantifiable outcome
- Currently manages 14 vessels; previously managed more than 45 at peak
- +1 more outcomes
Companies that use Prime Marine
Customer profileSegments2 records
Ideal customer profiles2 records
Prime Marine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Prime Marine partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting and core.
- Helmepa (Hellenic Marine Environment Protection Association)supportingIndustry association whose membership is publicly displayed on the Prime Marine homepage as part of its environmental credentials. The badge is shown alongside ISO and GHG Protocol certifications to signal maritime environmental commitment.
- EcoVadissupportingSustainability ratings provider whose assessment is publicly displayed on the Sustainability page, with Prime Marine positioned as the 1st Ship Manager Globally.
- PRIME Tanker & PRIME Gas (affiliated Management Companies)coreAffiliated ship management companies responsible for HSQE systems, ISM/ISPS/TMSA compliance, ISO certifications, and day-to-day technical and operational management of the fleet.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Prime Marine competitors and assessment
Company assessmentBroad incumbents
- V-Group: Global ship management and maritime services provider with a sizeable technical-management book. Comparable to Prime Marine on the managed-services revenue stream and certification-led positioning, though broader in vessel types served.
- Anglo-Eastern Univan Group: One of the largest independent ship managers worldwide, providing technical and crew management across tankers and other vessel types. Overlaps with Prime Marine's third-party management offering for tanker owners, particularly in Asia-Pacific and Europe.
- Scorpio Tankers: Publicly listed global product and chemical tanker owner-operator with a large MR/LR fleet. Comparable on vessel class and refined-product cargo focus, though significantly larger in scale and asset-owned rather than management-led.
- Bernhard Schulte Shipmanagement: Global, multi-segment ship management group offering third-party technical management across tanker and other vessel types. Comparable to Prime Marine's PRIME Tanker/PRIME Gas technical management arm in service offering and customer base, but at much larger scale and broader portfolio.
- Columbia Shipmanagement: European-headquartered ship manager offering technical management, crewing, and HSQE services. Comparable on the third-party technical management side of Prime Marine's business and on certification-driven positioning with energy-sector clients.
Direct peers
- TMS Tankers: Athenian product tanker operator (Cardiff Marine group) focused on MR and LR1 tankers. Highly comparable to Prime Marine on vessel class, customer base (energy/commodity charterers), and Greek headquarters footprint.
- Thenamaris (Anangel Maritime Services): Greek-based tanker operator and ship manager with a mixed product and chemical tanker fleet. Directly comparable to Prime Marine in fleet composition, Greek operating base, and dual ownership/technical-management model.
- Eastern Mediterranean Maritime (Eastmed): Greek-based product and chemical tanker operator and manager with a mixed MR/LR fleet. Directly comparable in vessel class, chartering model, and reliance on Greek technical management talent.
- Maran Tankers Management (Angelicoussis Group): Greek tanker operator running a large VLCC and product tanker fleet through in-house management. Comparable on fleet diversification across tanker sizes, Greek operating base, and vertically integrated management company structure.
- Minerva Marine: Greek product and crude tanker operator with a mixed tanker fleet. Closely comparable on cargo mix (refined products, chemicals), Greek domicile, and use of in-house management companies for HSQE and technical operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Prime Marine social profiles
Digital presencePrime Marine compliance and trust
Trust signalCompliance7 records
Prime Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prime Marine leadership team
Management profileNumber of profiles
Profiles1 record
Prime Marine subsidiaries and ownership
Company hierarchySubsidiaries2 records
Prime Marine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prime Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prime Marine
What does Prime Marine do?
Prime Marine is a maritime transportation service agency that provides global seaborne transportation of refined petroleum products, light chemicals, naphtha, LPG, and ammonia to energy and commodity customers under voyage and time charter arrangements. It operates a mixed modern fleet of LR1, MR, and LR2 product tankers plus an oil tanker through its affiliated ship-management companies PRIME Tanker and PRIME Gas, and also offers fee-based technical management services to third-party vessel owners.
Is Prime Marine a public or private company?
Prime Marine is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Prime Marine founded?
Prime Marine was founded in 1999.
Where is Prime Marine based?
Prime Marine is headquartered in Kallithéa, Greece, in the Europe region.
How does Prime Marine make money?
Two revenue lines are on record. Seaborne transportation services are the primary driver. The others are technical management services for third-party vessels.
Who are Prime Marine's main competitors?
Broad incumbents on record are V-Group, Anglo-Eastern Univan Group, Scorpio Tankers, Bernhard Schulte Shipmanagement and Columbia Shipmanagement. Direct peers are TMS Tankers, Thenamaris (Anangel Maritime Services), Eastern Mediterranean Maritime (Eastmed), Maran Tankers Management (Angelicoussis Group) and Minerva Marine.
Does Prime Marine have an API?
No public API is recorded for Prime Marine.
What industry is Prime Marine in?
Prime Marine's product category is Maritime Transportation Services. Its primary akta.pro industry code is TLAHAAAA, Deep-Sea Container Terminals (Mainline / Transshipment Hubs), with a secondary code of TLAHAHAE, Coastal/Sea Towage (Long-Distance Towing of Vessels/Barges). Its NAICS code is 48311 and its SIC code is 4400.