Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Thoresen Shipping scraps elderly bulk carrier

Thoresen Shipping scraps elderly bulk carrier
Thoresen Shipping Singapore (TSS) has sold a 1994-built dry bulk carrier at a price of $2.72m to the scrapyard.

Thoresen Thai Agencies (TTA), parent of TSS, announced to the Bangkok Stock Exchange that the ship is the 42,529-dwt Thor Energy, which has been sent to the yard on 20 October.

After the sale for scrap of Thor Energy, the Thoresen fleet will consist of 20 vessels with an average size of 52,555 dwt and an average age of 11.43 years.

“The sale is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive and less able to meet operating costs,” TTA stated, adding that the sale is in line with TTA’s strategy to improve efficiency of the fleet and its fleet renewal program.