A part of Watch Media

ShippingWatchThursday2 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
11/06/2013at 12:13

Clipper Projects merges with Thorco Shipping

Thorco Shipping and Clipper Projects will merge to create the world's second-largest mulltipurpose and project shipping company and operator. The collaboration begins July 1st this year.
BY LOUISE VOGDRUP-SCHMIDT

Clipper Projects and Thorco Shipping merging into a new company under the Thorco name, thus becoming the world's second-largest multipurpose and project shipping company and operator. The fleet will have a total of 90 multipurpose ships with a capacity of 400 tons and sizes of 5,000 dwt  and 20,000 dwt. The shipping company will have 130 employees and offices in 11 countries worldwide.

Do you want to be kept up to date with the latest developments in Danish and International shipping? Subscribe to our newsletter – first 40 days are free

Henrik Ramskov becomes CEO of the new company, bringing experience from both Maersk Tankers and Damco.

Photo: Fra venstre; Kristian Mørch, Partner og Group CEO i Clipper, Henrik Ramskov & Thomas Mikkelsen
Photo: Fra venstre; Kristian Mørch, Partner og Group CEO i Clipper, Henrik Ramskov & Thomas Mikkelsen

“Clipper is very pleased with the merger. We are happy to participate in the consolidation of the industry, which for a long time has been an ambition for us, and we are confident that the new entity will be able to generate significant value to its partners,” says Kristian Mørch, Partner & Group CEO in Clipper Group and responsible for Clipper Projects, adding:

“This is in our view the best way to ensure a profitable business and future growth in the current multipurpose market.”

And he's supplemented by Thorco's Chairman:

“At Thorco we have been growing very fast over the past 10 years, but we have for some time been looking at making a quantum leap, and with the opportunity to merge with Clipper Projects, we can make this leap. We believe that the new Thorco will be able to provide a significant and flexible platform, which is unmatched in the industry and will create great value for our customers and partners,” says Thor Stadil, who will continue as Chairman of Thorco, in a press release.

Kristian Mørch, the soon-to-be former CEO of Clipper Projects, joins the Board of the new company and continues as a partner in Clipper.

Do you want to be kept up to date with the latest developments in Danish and International shipping? Subscribe to our newsletter – first 40 days are free

Clipper's Danish activities made USD 70 million deficit in 2012

Thorco Shipping turns deficit into profit

Clipper loses tax trial once again

Thorco sells off old ships 

Related articles:

  • Clipper's Danish activities made USD 70 million deficit in 2012

  • Photo: Nordic Tankers

    Clipper loses tax trial once again

    For subscribers

  • Thorco Shipping turns deficit into profit

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Photo: DSV
Logistics

DSV books a much improved 2022 result – but a new reality now awaits

Danish logistics firm DSV delivered strong top and bottom line progress last year, but the company is setting the stage for a very different 2023.
  • Carriers confirm downturn: Party came to a halt in the fall
  • CEO confirms: Carriers affected by crowded inventories and concerned consumers

For subscribers

Foto: Christian Charisius/AP/Ritzau Scanpix
Container

European carrier orders 12 methanol vessels at Korean yard

For subscribers

Wärtsilä's financial loss after the Russian exit has been felt in all corners of the business, says head of marine systems Tamara de Gruyter. | Foto: Wärtsilä
Suppliers

Wärtsilä had to abandon valuable projects after departure from Russia

For subscribers

Foto: PR / Bunker Holding
Container

Dan-Bunkering has millions tied up in collapsed British shipping company

Anders Holch-Povlsen er storaktionær i webshoppen Asos, som har indgået et stort samarbejde om transport med Maersk. | Foto: Jens Dresling/Ritzau Scanpix
Logistics

Maersk becomes logistics partner for Asos

For subscribers

Logistics

Freight forwarder acquires the very last jumbo jet from Boeing

Further reading

Foto: Ritzau Scanpix/Andrew Biraj
Regulation

Carriers scrapped 292 vessels on South Asian beaches last year

Even though 2022 marked a decade-long low for dismantled ships along South Asian beaches, the number is still alarming, states Shipbreaking Platform. A total of 292 ships were scrapped at the controversial yards.

For subscribers

Photo: Hamburg Süd
Container

Customers react to Maersk bidding Hamburg Süd name farewell: "Tampering with family heirlooms"

Maersk’s decision to rename carrier Hamburg Süd and a string of other subsidiaries by absorbing them into the Maersk brand causes quite a stir with some customers, while others are puzzled.

For subscribers

Foto: Shailesh Andrade/reuters/ritzau Scanpix
Container

Carriers move tonnage from weakened China to especially two other routes

Container liners have to a large extent transferred tonnage from routes out of Asia throughout 2022 to the benefit of two alternative routes in particular.

For subscribers

Latest news

  • DSV books a much improved 2022 result – but a new reality now awaits – 08:53
  • European carrier orders 12 methanol vessels at Korean yard – 1 Feb
  • Dan-Bunkering has millions tied up in collapsed British shipping company – 1 Feb
  • Carriers scrapped 292 vessels on South Asian beaches last year – 1 Feb
  • Maersk becomes logistics partner for Asos – 1 Feb
  • Wärtsilä had to abandon valuable projects after departure from Russia – 1 Feb
  • Freight forwarder acquires the very last jumbo jet from Boeing – 1 Feb
  • Dof board wants shareholders to rapidly approve rescue plan – 1 Feb
  • Carriers move tonnage from weakened China to especially two other routes – 1 Feb
  • Drilling rig company awarded with USD 392m deal for deepwater drillship – 1 Feb
See all

Jobs

  • Senior Financial Controller

  • Chartering Manager for Lauritzen Bulkers A/S

  • Foundation Package Manager - Offshore wind industry

  • Junior Finance Business Partner - offshore wind industry

  • Senior Lead, Human Sustainability at Sea

  • Fleet Manager

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

Jobs

  • Senior Financial Controller

  • Chartering Manager for Lauritzen Bulkers A/S

  • Foundation Package Manager - Offshore wind industry

  • Junior Finance Business Partner - offshore wind industry

  • Senior Lead, Human Sustainability at Sea

  • Fleet Manager

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge