Thoresen Shipping has sold its fourth bulker for demolition in less than a year as it looks to modernize its fleet.

The Thai-backed shipowner said it has sold the 47,111-dwt Thor Harmony (built 2002) to Murali Maritime for $4.4m.

TradeWinds first report the sale of the open hatch-class ship in early March to the Indian subcontinent for $345 per ldt.