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>


<< Jul 2019 >>
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 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

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 >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >