ShippingWatch

Thorco Shipping expands fleet in tough market

It looks unlikely that multipurpose will see a  rebound anytime soon, but the Clipper ships have opened the door to new business opportunities, says Thorco Shipping CEO Henrik Ramskov.

Photo: Pressefoto

Since Thorco Shipping acquired Clipper's multipurpose fleet on July 1st 2013, a move that doubled the carrier's combined fleet to around 90 ships, the new Thorco organization of approx. 125 employees has taken on even more ships. But market developments in multipurpose, which are considerably tied to global activities in establishing infrastructure, and to major repair works, are not immediately welcoming on the short term, says Henrik Ramskov, CEO, Thorco Shipping.

"Like other segments in shipping, we very much depend on how the global economy develops, and I expect that the coming year will be quite difficult as well. Compared to other industries, our segment - as opposed to tramp and bulk - probably entered the crisis a bit late, and so I believe we'll also exit it a bit later," Henrik Ramskov tells ShippingWatch.

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