Company Development

  •  

    2011-2013

    2014-Present

    2014 "Thoresen Shipping South Africa Pty. was established in Cape town to represent Thoresen Shipping's commercial office expansion globally and to serve the Company's growing group of existing and potential clients with dry bulk cargo requirements on Persian Gulf ,Far Eastern , Atlantic and Australiasian routes." By acquiring an additional 8 Supramax grabbed vessels we crossed the 1 million Deadweight tones threshold with a fleet of 24 modern vessels.

    2015 By establishing yet another new Commercial Office “Thoresen Shipping Arabia DMCC Pte Ltd”in Dubai,Thoresen Shipping's commercial office global expansion grew to FIVE countries worldwide and increased service levels to the Company’s growing group of existing and potential clients with dry bulk cargo requirements into and out of the Persian Gulf.

    2016-2017 “Thoresen Shipping London” was established in London, UK to serve the company’s growing group of existing and potential clients with dry bulk cargo on Atlantic rout. And acquired 2 Supramax grabbed vessels.

  •  

    2014-Present

    2000-2010

    2011-2013

    2011 As part of its fleet modernization exercise, TCB trimmed its dry bulk fleet to only its newest and most efficient 15 modern Supramax and Handymax vessels. All Thai-owned vessels were subsequently transferred to TSS and flagged in Singapore, resulting in significant tax incentives for the Dry Bulk business.

    2012 The Dry Bulk business officially relocated its commercial team to Singapore through TSS, providing it access to a greater pool of potential clients in Asia’s leading shipping hub. TCB remains in Bangkok, serving in a technical management and commercial support role for Thoresen Shipping’s dry bulk fleet.

    2013 Thoresen Shipping Denmark Aps. was established to represent Thoresen Shipping's first commercial office in Europe and to serve the Company's growing group of existing and potential clients with dry bulk cargo requirements in Atlantic and Mediterranean routes.

  •  

    2011-2013

    1900-1999

    2000-2010

    2003 The fleet expanded significantly from 25 to 33 vessels due to a strong freight market.

    2006 Thoresen Shipping Singapore Pte. Ltd. (TSS) was established to act as the primary investment company for future new build and second-hand dry bulk vessel investments.

    2010 TCB terminated its liner service trade with increasing competition and rate pressure from container lines, along with increasing operating costs for its vessels. Termination of these services allowed TCB to market a much larger portion of its fleet globally and take advantage of more favourable market rates.

  •  

    2000-2010

    1900-1999

    1904 Thoresen was established in Hong Kong and initially provided shipping services to Norwegian companies on the coast of China and Asian businesses trading between China and Siam.

    1926 Thoresen & Co., Ltd., Hong Kong established a branch office in Thailand to provide ship agency and brokerage services.

    1974 All activities of the branch office were transferred into Thoresen & Co., (Bangkok) Ltd. (TCB), which was established on 31 October 1974.

    1985 TCB purchased its first vessel, M.V. Hai Lee, from Norwegian Asia Line.

    1990 TCB started a liner service between Thailand, the Persian Gulf and the Arabian Sea.