Bangkok-based Thoresen Thai Agencies (TTA) has revealed that its Singapore-based bulker division has been raking in record revenues during the second quarter of 2022, and its long-struggling offshore division is finally back in the black.

Thoresen Shipping made a THB 1.62bn ($49.8m) net profit on the back of a “new decade high freight revenues” of THB 4.37bn during the quarter.