Thoresen Thai selling two rigs in diversification drive

Thoresen Thai selling two rigs in diversification drive

Bangkok: Thoresen Thai Agencies is looking to further diversify away from shipping and offshore. Top management at the company, which controls dry bulk firm Thoresen Shipping and offshore operator Mermaid Maritime, is looking at acquiring renewable energy firms as well as some in the consumer sector to offset the poor shipping markets.

Moreover, Thoresen Thai has put two old rigs, MTR-1 and MTR-2, up for sale. Both rigs are more than 30 years old. The company claims prospective buyers have been secured and the sale will go through in the second half.

Commenting on the rig pair, a broking source told Splash: “They’re worth little more than scrap in today’s market.”

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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