Login
Thorco3.jpg
Photo: Thorco

Thorco owner: I no longer dare to be an optimistic shipowner

Bulk:

"I've been optimistic for 12 years, but I don't dare be an optimist anymore," Thor Stadil tells ShippingWatch. The Thornico group will support and develop the carrier Thorco Projects, while Thor and Christian Stadil take responsibility for costly acquired vessels that no longer burden the firm.


BY OLE ANDERSEN
Published 29.08.17 at 12:49

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Bulk

IMO issues new warning on bauxite after shipwreck

8starbulk.jpg Bulk:

The International Maritime Organization is now urging dry bulk carriers to exhibit extreme caution when transporting bauxite, which can liquefy during voyages. However, the official rules will not be updated until 2019.

Why owner Wedell-Wedellsborg sold Nordana Project to Rickmers

Bulk:

Danish shipping group Weco got almost 20 years as an operator in the multipurpose market. In an interview with ShippingWatch, Chairman Johan Wedell-Wedellsborg explains why it was time to think outside of the box and sell Nordana Project to German Rickmers-Linie.

Police raid Stellar Daisy carrier in wreck investigation

Bulk:

Police in South Korea have raided Polaris Shipping's offices in Seoul and Busan. Investigators are hoping to find new information concerning the cause of the tragic accident in April in which the carrier's vessel, Stellar Daisy, sank in the South Atlantic.

Pacific Basin looking at new asset acquisition opportunities

Bulk:

Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be underway. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Oldendorff has no ceiling, dress code or executive offices

Bulk:

All executives have day-to-day jobs – and no one has his or her own office. At one of the world’s largest dry bulk operators, Oldendorff Carriers, things are markedly different than the shipping industry is used to.

Rickmers-Linie acquires Nordana Project

Bulk:

Rickmers-Linie will acquire the project division and employees of Nordana Project, according to ShippingWatch's sources. Nordana will continue as a tonnage provider with five vessels.

Current front page

Maersk sells tanker carrier to family in a buyer's market

Maersk Tankers slæbebåd towage Tanker:

Maersk Tankers has been sold to the Maersk family's holding company at a time when investors are staying far away from product tanker. But the carrier could be sold on when the market recovers, analysts say.

Dockworkers block automation of vehicles in West Coast ports

Container:

The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.

Dry bulk shipowners have drained yards' newbuild stockpiles

Carriers:

Shipyards have virtually no newbuild resale vessels left from canceled contracts to sell, says Celsius Shipping CEO Jeppe Jensen.

Saadé: Container stronger than it has been for years

Container:

The chief executive of France's CMA CGM, Rodolphe Saadé, sees no crises in the years to come for container carriers, which are currently benefiting from consolidation and stronger economic growth.

Wilh Wilhelmsen banks more on oil and gas

Offshore:

Wilh. Wilhelmsen will pay NOK 545 million to boost its ownership stake in offshore company Norsea Group to 72 percent. "We wish to have an exposure towards the energy market, primarily oil and gas," explains the company.

OECD raises forecast for global growth

Carriers:

Expectations for growth in the global economy are boosted again in the latest OECD forecast. The upgraded forecast is attributed to factors including growth in Europe. Read the full forecast here.

ADVERTISEMENT

Vacancies

ADVERTISEMENT