Thoresen Thai Continues with Fleet Expansion

Thailand’s Thoresen Thai Agencies (TTA) has bought and taken delivery of a secondhand dry bulk vessel, Crystal Palace. 

The 58,781 dwt ship, previously known as Nord Ambition, was acquired from Japan’s Santoku Senpaku, VesselsValue’s data shows.

Built at Tsuneishi Cebu shipyard in the Philippines in 2008, the Supramax bulker was bought for USD 13 million.

In May this year, Thoresen Shipping Singapore, a subsidiary of TTA, purchased also a Supramax, Karaweik, for USD 7.9 million. The 2006-built ship was subsequently renamed Thor Future.

What is more, Thoresen bought in June Ocean Phoenix I, a Panamax bulker, from Hong Kong-based Grace Ocean Investment for USD 13.5 million, according to VesselsValue’s records.

With the newest addition, the Thoresen-owned fleet comprises a total of 21 vessels with an average size of 53,188 dwt and an average age of 11.82 years.