Bangkok-based Thoresen Thai Agencies Public Company Limited has confirmed recent market rumours that it has acquired Santoku Senpaku’s 58,800-dwt bulker Crystal Palace (built 2008).

In a statement to the Stock Exchange of Thailand the company said its Singapore based subsidiary Thoresen Shipping paid $13m for the ship, which will be renamed Thor Confidence upon delivery.

TradeWinds suggested that the deal was taking place in mid May.