Thoresen Shipping acquires secondhand supramax for $22m

Source:Seatrade Global
2014.07.09
1655

Thoresen Shipping Singapore, wholly-owned by Thoresen Thai Agencies (TTA), has acquired a secondhand 56,026 dwt dry bulk vessel for $21.95m.

The supramax bulker, now named Thor Monadic, was formerly known as Orient Rose. Thor Monadic was built in 2006 by Japan’s Mitsui Engineering & Shipbuilding Co.

“The acquisition is part of TTA’s ongoing fleet renewal plan to develop a fleet of modern and standard dry bulk vessels and increase our operating efficiencies. TTA’s short term fleet objective is to have a mix of handymax and supramax vessels,” TTA said.

The vessel acquisition was funded by Thoresen Shipping Singapore’s working capital and a commercial bank loan.

With this additional supramax, the Thoresen-owned fleet comprises a total of 24 vessels with an average size of 50,636 dwt and an average age of 10.72 years.

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