Thoresen Thai Agencies (TTA) says its fleet of 22 supramax bulkers outperformed the net time charter equivalent rate for the vessel type by 5% in the second quarter.

The Bangkok-based shipowner said Thoresen Shipping, its dry bulk division that also has two ultramaxes in its fleet in addition to the supramaxes, brought in freight revenues of THB 1.8bn ($51.5m).

Revenues, which were up 7% from the corresponding three months in 2023, were driven mainly by revenues from chartered-in vessels aligned with the equivalent number of chartered-in vessels, TTA said.