Thoresen Thai Agencies (TTA) has posted its best bulker profit for eight years in the first three months of 2018.

The company, which also has OSV and mining interests, said overall net profit dipped to THB 8.2m ($0.25m) from THB 87.2m in 2017.

This was attributed to the unavailability of two subsea vessels due to drydocking and weaker demand in the low season.