ShippingWatch

Thoresen Thai lands in black in 2014

Shipping group Thoresen Thai Agencies presented a total net profit of USD 43.2 million in 2014, compared to a loss of USD 123.9 million in the previous year. The development is mainly due to the company's offshore and oil business.

Photo: Thoresen Thai

The Thai shipping group Thoresen Thai Agencies, which includes dry bulk carrier Thoresen Shipping and the offshore company Mermaid Maritime, was able to improve the total result by 132 percent in the fiscal year, which ran from October first, 2013 to September 30th, 2014.

The group could present a total net profit of USD 43.2 million, compared to a net deficit of USD 123.9 million in 2013, according to the annual report Monday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs