The strongest performers in the TTA business portfolio this quarter were its dry-bulk arm Thoresen Shipping and its offshore division Mermaid Maritime.
On the dry side, despite a generally weak market during the quarter due to the Indonesian ban on the export of nickel ore and bauxite, and significant delays in the South American grain export season, Thoresen Shipping’s net profity climbed by 396% year-on-year to THB 79 million.
Freight
