Dry bulk shipping firm Thoresen Shipping Singapore acquired a secondhand supramax for $19.2m from Ambitious Lines SA Panama on Tuesday in Incheon, South Korea, Seatrade Asia online reports.
The 2005-built bulk carrier Thor Insuvi was built by Tsuneishi Heavy Industries in Balamban, Philippines.
“We are happy to announce that her employment with us will begin shortly, with 50,000 tonnes of bulk cement bound for Singapore,” said Ian Claxton, managing director of Thoresen Shipping.
“Today's acquisition reflects the entire TTA Group's commitment to the belief that asset values are becoming increasingly attractive, and we will continue to monitor the market closely for other opportunities,” Claxton added.
The addition of Thor Insuvi expands Thoresen Shipping's fleet to 16 vessels, with deliveries of an additional two newbuilds from Vinashin expected in the near future.
All news