Thoresen Shipping has bounced back after a tough second quarter with big headline numbers.

The firm, which is part of the Thoresen Thai Agencies (TTA) group, reported profit of THB 234.5m ($7.8m) for the third quarter, up by 174% year on year.

“We are pleased to achieve strong results in this quarter and in particular that our shipping segment maintained growth and outstanding performance," Chalermchai Mahagitsiri, TTA's president and chief executive, said in the group's third-quarter report.