Thoresen Thai Agencies (TTA)’s shipping segment remained profitable in the third quarter on elevated time charter equivalent rates for supramaxes.
The Bangkok-based shipowner said Thoresen Shipping, its dry bulk division, brought in freight revenues of THB 1.7bn ($48.5m), up from THB 1.59bn in the same period last year. Its TCE rate for supramaxes came in at $13,700 per day on average.
