Thai owner Thoresen Thai has announced the acquisition of a 2016-built 61,144 DWT Ultramax vessel.

The vessel has been identified as Scorpio Bulkers Ultramax SBI Tethys, and has been renamed Thor Nitnirund. VesselsValue’s valuation on the vessel is $19.2m.

In December, Thoresen Thai also acquired the 2016-built Ultramax bulker SBI Hyperion from Scorpio and renamed it Thor Nirimat.

The latest acquisition has increased the owned fleet of the company to 24 vessels.