Thoresen Shipping Singapore Pte. Ltd. ("TSS"), a wholly owned subsidiary of Thoresen Thai Agencies Plc, was granted an AISE (the "Approved International Shipping Enterprise") license in Singapore. M.L. Chandchutha Chandratat, Managing Director of Thoresen Thai Agencies Plc., received the AISE license from Mr. Raymond Lim, Singapore's Minister for Transport & Second Minister for Foreign Affairs, while attending the recent Singapore International Maritime Awards 2006 dinner arranged by the Maritime and Port Authority of Singapore.