Thoresen Disposes of 15-Year-Old Ship

 

Thailand’s Thoresen Thai Agencies (TTA) has reached an agreement to sell its general cargo vessel MV Thor Horizon.

The 47,111 dwt ship was sold to an undisclosed company at a price of USD 5.4 million.

Following the completion of the sale, the Thoresen fleet will consist of 21 vessels with an average size of 53,491 dwt and an average age of 12 years.

The company said that the sale of the 2002-built ship “is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive and less able to meet operating costs.”

The proceeds from the sale would be used to improve the efficiency of the fleet and the company’s fleet renewal program.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >