Competitors welcome Thorco merger

By two of the major competitors, the merger of Clipper Projects and Thorco is viewed wholly as a strengthening of the market for the project cargo industry.

Thorco and Clipper Projects’ decision to merge and create a company with 90 ships in its fleet is welcomed by the competitors.

“This is not a new competitor for us. Now we are simply talking about one company instead of two. I wish them the best of luck, and I simply view it as an expression of the fact that consolidation within the market is always better than division,” says Svend Andersen, CEO of BBC Chartering, to ShippingWatch.

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