News

Ha Long Builder Launches 53,000-ton Cargo Carrier

Ha Long Shipbuilder of the Vietnam Ship Industry Group successfully launched a 53,000-tone ship named THOR BREEZE on April 29th in Quang Ninh.

The ship is 190m long, 32,26m wide, 17.50m high and has a tonnage of 65,700 sqm and the main engine of MAN B&W 9.480 KW.

The ship has double decks and 5 holds of cargo. It is also equipped with 4 cranes, allowing self- loading and unloading cargo, and runs at 14 nautical miles per hour. ...More

02 May 2013

Business Times

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Ha Long Builder Launches 53,000-ton Cargo Carrier

Ha Long Shipbuilder of the Vietnam Ship Industry Group successfully launched a 53,000-tone ship named THOR BREEZE on April 29th in Quang Ninh.

The ship is 190m long, 32,26m wide, 17.50m high and has a tonnage of 65,700 sqm and the main engine of MAN B&W 9.480 KW.

The ship has double decks and 5 holds of cargo. It is also equipped with 4 cranes, allowing self- loading and unloading cargo, and runs at 14 nautical miles per hour. ...More

02 May 2013

Vietnam Investment Review

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Thoresen Thai Rights Offering Oversubscribed

Bangkok: Thoresen Thai Agencies successfully raised THB3.964bn yesterday to fund its business expansion plans through a rights offering.

Existing shareholders were given the opportunity to subscribe to two newly issued shares at a price of THB14.00 per share for every five existing shares they owned and were allowed to subscribe for excess rights of up to 50% of their owned shares. The offering was oversubscribed by nearly 8%.

Shareholders who participated in the offering will also receive warrants at a ratio of one warrant to two newly subscribed shares. Each warrant has a 30-month term and is exercisable into one newly issued share at a price of THB17.00. ...More

12 March 2013

SeaShip News

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TTA raises $133m to expand fleet

Bangkok: Thoresen Thai Agencies (TTA) has raised a considerable THB3.96bn ($133.15m) through a rights issue to fund its plans for dry bulk and offshore drilling fleet renewal.

Chalermchai Mahagitsiri, TTA executive vice chairman, said the company will now focus on identifying and purchasing assets for its dry bulk shipping and offshore services businesses.

Dry bulk shipping vessels, both new and secondhand, are becoming advantageously priced, as the business remains at or near the bottom of its industry cycle, according to TTA. The purchase of assets today will allow TTA to invest counter-cyclically, in anticipation of an upturn in the next 18 months, the company believed. ...More

12 March 2013

Seatrade Global

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TTA raises 3.964 billion baht from right issue


Thoresen Thai Agencies Public Company (TTA) has raised 3.964 billion baht (US$133.601 million) to fund its business expansion plans through a rights offering (RO). Its paid-up share capital will increase from 708.004 million baht to 991.206 million baht following the allocation of 283.201 million newly issued ordinary shares to existing shareholders.

The newly issued shares will begin trading shortly. 

Existing shareholders were given the opportunity to subscribe to two newly issued shares at a price of 14.00 baht per share for every five existing shares they owned and were allowed to subscribe for excess rights of up to 50% of their owned shares. The RO was oversubscribed by nearly 8%.

Shareholders who participated in the RO will also receive warrants at a ratio of one warrant to two newly subscribed shares. Each warrant has a 30-month term and is exercisable into one newly issued share at a price of 17.00 baht. ...More

12 March 2013

The Asset

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For more Information

Thoresen Co (Bangkok) Ltd
10th floor Orakarn Building
26/26-27 Soi Chidlom
Ploenchit Road, Pathumwan, Bangkok 10330 Thailand
General Line: +66 2250 0569