Thoresen Shipping

28-April-2019

Bangkok-listed Thoresen Thai Agencies’ sister company Thoresen Shipping has been negotiating to acquire a modern bulk carrier. Thoresen Shipping is planning to acquire 2014 built 63K DWT MV Western Santos for around $18 million. MV Western Santos was built at Jiangsu Hantong Ship Heavy Industry. MV Western Santos has been controlled by Japan’s Nisshin Shipping since 2014.

Thoresen Shipping’s parent company Thoresen Thai Agencies is listed with 21 bulk carriers with an average age of 12 years. In 2018, Thoresen Thai Agencies acquired 2008 built supramax sisterships MV Thor Caliber (ex MV Albion) for around $14 million and MV Thor Chaiyo (ex MV Maritime Unity) for $14 million. In 2018, Thoresen Thai Agencies scrapped 1995 built bulk carriers MV Thor Enterprise for around $6 million and MV Thor Endeavour for around $4 million.

25-August-2018

Thailand based shipowner and operator Thoresen Thai Agencies (TTA) sold 1995 handymax dry bulk carrier 45K DWT MV Asian Enterprise (ex MV Thor Enterprise) to an Indian shipowner $5.6 million. Indian shipowner and operator Hermes Maritime Service acquired MV Asian Enterprise (ex MV Thor Enterprise). After-sale of this handymax, Thailand based shipowner and operator Thoresen Thai Agencies (TTA) has a fleet of 21 ships of an average age of 11 years. Currently,  vintage dry bulk carriers are becoming less competitive and cannot meet operating costs. Mumbai based Hermes Maritime Service has 3 dry bulk carriers, 1 container-ship, and 1 anchor-handler in its fleet.

26-February-2018

Thailand based shipowner and operator Thoresen Shipping sold 1995 built handymax dry bulk carrier 45K DWT MV Thor Endeavour for further trading for around $4 million. In 2005, Thoresen Shipping bought Japanese built MV Thor Endeavour from Greek shipowner Elmira Shipping and Trading for around $26 million. Thailand based shipowner and operator Thoresen Shipping used the ship during the boom years. Thoresen Shipping has a fleet of 20 dry bulk carriers. MV Thor Endeavour price tag is in line with prevailing dry bulk shipping conditions. Older ships become less competitive and less able to meet operating costs. A few weeks ago, Thailand based shipowner and operator Thoresen Shipping acquired 2008 built supramax dry bulk carrier 58K DWT MV Albion (built 2008) for around $14 million.

20-October-2017

Thailand based shipowner and operator Thoresen Shipping confirmed the acquisition of 2009 built supramax dry bulk carrier 58K DWT M/V Thor Courage (ex M/V Songa Marlin) from Songa Bulk for around $14 million. Including the latest purchase Thai ship owner and operator Thoresen Shipping’s fleet reached to 22 ships. In 2016, Norwegian shipowner and operator Songa Shipping bought M/V Thor Courage (ex M/V Songa Marlin) for around $12 million. Beginning of 2017, Thoresen Shipping acquired 2008 built supramax dry bulk carrier 58K DWT M/V Crystal Palace and 2006 built supramax dry bulk carrier 54K DWT M/V Karaweik.

16-July-2017

Thoresen Thai Agencies subsidiary Thoresen Shipping acquired 2008 built supramax dry bulk carrier 58K DWT M/V Thor Confidence (ex M/V Crystal Palace) from Japanese shipowner and operator Santoku Senpaku for $13 million. Bangkok based Thoresen Thai Agencies subsidiary Thoresen Shipping has a fleet of 21 dry bulk carriers.

25-May-2017

Thoresen Shipping acquired 2006 Japanese built supramax dry bulk carrier 54K DWT M/V Karaweik for around $8 million. CEO Chalermchai Mahagitsir of Thoresen Shipping explained that M/V Karaweik delivered last week. Thoresen Shipping has fleet 26 dry bulk carriers and average daily time charter equivalent (TCE) rate of $7,015 on Q1 2017.

23-April-2017

Thailand based Thoresen Shipping sold 2002 built handymax dry bulk carrier 47K DWT M/V Thor Harmony to Murali Maritime for around $4 million. In 2004, Thoresen Shipping bought M/V Thor Harmony from Fairmonth Shipping for around $30 million. Thailand based Thoresen Shipping has a fleet of 19 dry bulk carriers.

11-August-2016

Thailand based Thoresen Shipping has reported a net loss of $5.6 million in the Q2 2016. Even though BDI (Baltic Dry Index) has rebounded. Thoresen Shipping’s revenue was down 34% from 2015. Baltic Dry Index increased because of global coal and grain trade. Thailand based Thoresen Shipping’s fleet consists of mostly supramax bulk carriers with daily average time charter equivalent rate of $5,079 per day. Currently, Thoresen Shipping has 21 ships in the fleet.