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Thor Stadil to bank on chartering vessels after major losses

A "light model" without any ownership of vessels will guide Thor Stadil's shipping activities in the years to come. Stadil's Thornico group only has one vessel left, and he is ready to sell it at the right price. Bankruptcy and legal battles have dogged his time as a shipowner.

Photo: PR / Skovdal / Thornico

In the wake of bankruptcy and major losses from acquisitions of vessels, Thor Stadil, head of Thornico group, has been discouraged from owning vessels in the company's shipping subsidiary Thorco Projects.

Going forward, the risk of losses stemming from owned vessels will be minimized by chartering rather than owning vessels, Stadil says.

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