Thoresen Shipping scraps old bulk carrier

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Thoresen Shipping Singapore has disposed of a 18-year-old, 39,087-dwt bulk carrier to ship scrapping company Murali Maritime Inc at a price of $2.85m.

“The sale is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive and less able to meet operating costs,” stated Thoresen Thai, parent firm of Thoresen Shipping.

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