Thoresen Shipping grows owned bulker fleet to 20 vessels

Singapore: Thoresen Shipping Singapore, a wholly owned subsidiary of Thoresen Thai Agency Agencies, has announced its latest acquisition –  a seven-and-a-half-year old Japanese built supramax dry bulk vessel. The acquisition of M.V. Thor Magnhild marks the operator’s twelfth supramax vessel and expands Thoresen Shipping’s increasingly efficient and standardised owned fleet to 20 vessels overall.

Concluded at what the company described as “an attractive market price”, the acquisition expands Thoresen Shipping’s fleet to an average size of 49,607 dwt while injecting additional youth, bringing the fleet’s average age down to 10.82 years.
Previously traded as M.V. Ikan Serong, the 56,000 dwt bulk carrier was built in June 2006 by Mitsui Tamano Ship Yard in Japan.

Ian Claxton, managing director, Thoresen Shipping said, “Thoresen Shipping’s strategy revolves around creating maximum value for clients with specialised cargoes while also maintaining our industry-leading cost structure, which helps to facilitate profitability and in turn growth and expansion. The acquisition of M.V. Thor Magnhild gives us the opportunity to deliver on both of these metrics, as we come to market with yet another young, efficient and standardised vessel.”  [19/02/14]

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