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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.

Lee Hong Liang, Asia Correspondent

June 23, 2016

1 Min Read

Kalyakan - stock.adobe.com

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.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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