ShippingWatch

Thorco ordered to pay its Singapore manager in internal dispute

The Stadil family's multipurpose shipping line Thorco must pay its managing director in Singapore USD 1 million. The case concerns the CEO's stake in a subsidiary, which he wanted to sell due to the company's financial troubles. Thorco has appealed the decision.

Photo: PR/Thorco Projects

The Stadil family's shipping company Thorco has lost an internal dispute with its director in Singapore.

A Danish court has ordered the company to pay Mikael Hansen, managing director of Thorco in Singapore, USD 1 million.

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