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Thoresen Shipping scraps elderly bulker for $2.85m

Thoresen Shipping scraps elderly bulker for $2.85m
Thoresen Shipping Singapore has disposed of a 18-year-old, 39,087-dwt bulk carrier to ship scrapping company Murali Maritime Inc at a price of $2.85m.

After the sale of the 1998-built bulker Thor Wind, the Thoresen fleet will consist of 21 vessels with an average size of 52,078 dwt and an average age of 11.6 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,” stated Thoresen Thai, parent firm of Thoresen Shipping.

The sale is also in line with Thoresen’s strategy to improve fleet efficiency and for fleet renewal.