AsiaDry Cargo

Thoresen scraps elderly handy

Photo of Sam Chambers Sam ChambersOctober 21, 2016
2 Less than a minute

Thoresen Shipping Singapore (TSS) has sold 22-year-old handy bulk carrier for scrap, notching up a price of $2.72m. The sale of the Thor Energy leaves Thoresen with a fleet of 20 ships with an average age of 11.43 years and an average size of 52,555 dwt.

“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,” Thoresen stated in a release to the local stock exchange in Bangkok.

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Photo of Sam Chambers Sam ChambersOctober 21, 2016
2 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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