Shipping company Thorco Shipping has lost a considerable million-dollar figure on the grounding of ship Thorco Lineage, which ran aground in the Pacific earlier this year after suffering engine failure.
The company, owned by Denmark's Stadil family, estimates that the preliminary costs for the accident will reach at least USD 10 million. Thorco is now looking to have this bill covered by two renowned bunker companies, which are accused of having caused the accident by supplying contaminated fuel for the cargo ship.
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