Former Thoresen Thai owners have built new dry cargo company

Frode Teigen has established a new dry bulk company with revenue exceeding USD 100 million since the Norwegian shipping figure sold carrier Thoresen Thai 13 years ago, reports Finansavisen.

Photo: PR-foto: Lighthouse Navigation

Norwegian shipping magnate Frode Teigen has been busy over the past 13 years building a new shipping company since he sold Thoresen Thai.

Norwegian newspaper Finansavisen reports that Teigen's new company Lighthouse Navigation will book revenue of USD 150 million this year.

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