AsiaPorts and Logistics
Thoresen Thai pockets $800,000 from agency sale
Thoresen Thai Agencies (TTA) has sold its 49% stake in agency business Thoresen Shipping and Logistics (TSL) to its joint venture partner Naxco Shipping and Logistics (Thailand), a subsidiary of Naxco Asia. The sale gives the Thai firm $800,000.
“The disposition of stake in TSL is in line with TTA’s strategy to restructure and strengthen the shipping business,” TTA said in a release.