ShippingWatch

Thorco close to completing sale of costly problem-ships

Thorco's sale of loss-making ships is now close to complete, CEO tells ShippingWatch. The ship sales have cost millions for the Stadil family's shipping business in recent years.

Photo: PR / Thorco Projects

Thorco is close to completing the sale of several ships bought at a high price and which have been a drag on the Stadil family's shipping business for a long time now.

The decision to sell the ships was made around three years ago, and the ships have now more or less been handed off to new owners.

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