Struggling Thoresen Thai made USD 158 million deficit

Thoresen Thai, which said goodbye to its entire senior executive team a few months ago, is now looking at a another deficit in its annual report following a large fleet impairment.

Photo: Thoresen Thai

Large bulk carrier Thoresen Thai is looking at a new deficit for the already struggling carrier. Less than two months ago the company's entire senior executive team opted to step down following a sizeable USD 150 million fleet impairment. 

The annual report, just published, shows a deficit of USD 158 million (5.1 billion Bath), a decline compared to the previous report, which showed a deficit of USD 140 million.

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