Thorco booked triple-digit deficit in 2016

Carrier Thorco, owned by Denmark's Stadil family, booked a deficit of DKK 632 million in 2016, reports business daily Berlingske Business. The loss is attributed to impairments and the sale of non-profitable vessels.

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Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

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