Thoresen Thai sells general cargo ship for scrap

Thoresen Thai sells general cargo ship for scrap

Thai owner Thoresen Thai has announced that it has sold its 15-year-old general cargo vessel  Thor Harmony to ship scrapping company Murali Maritime for $4.42m.

Thoresen Thai said the sale is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive, and proceeds from the sale will be used to improve fleet efficiency and the company’s fleet renewal program.

After the sale, the company’s fleet stands at 19 vessels with an average age of 11.77 years.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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