Byline: Umesh Pandey
Sep. 22--Thoresen Thai Agencies Plc, one of the country's leading shipping companies, says it expects earnings in fiscal year 2008 to be stronger than this year's. The company cites rising freight rates, stronger earnings from its offshore business and a possible increase in the number of vessels.
"The shipping industry looks to continue its strong performance and we are set to see higher contributions from some of the subsidiaries," said M.L. Chandchutha Chandratat, the SET-listed company's managing director.
"Although high crude oil and steel prices may shave off some of the margins, the strength of the market could help offset these changes," he said.
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