Latest Jobs

Global Head of Maritime Chartering and Freight Operations

Thoresen said the recent steep spike in bunker prices had put pressure on earnings during the quarter, but this had been compensated by the gains from bunker swap agreements. Photo: Thoresen Shipping

Thoresen pumps out healthy first-quarter profit despite a cooler freight market

Thai bulk carrier owner boosted by 51% year-on-year increase in supramax freight rates

12 May 2022 6:09 GMT Updated 12 May 2022 6:09 GMT

By Dale Wainwright

in Singapore

Thoresen Shipping continued to make healthy profits in the first quarter despite a significant easing of freight rates during the low season.

The Thai-backed supramax bulker specialist reported a net profit of THB 1.3bn ($37.3m) for the first three months of 2022 in figures released Wednesday.