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.

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