ShippingWatch

Clipper: We invited Thorco to the merger talks

There has been a lot of speculation about the merger this spring between Clipper's multipurpose activities and shipping company Thorco. "It happened at our initiative as part of a much-needed consolidation," Clipper CEO Kristian Mørch tells ShippingWatch.

The many empty seats that greet one at Clipper House in Copenhagen's Nordhavn represents the visible sign of the merger between family-owned Thorco and Clipper's multipurpose carrier which took place during the spring this year.

Around 40 people were given a new place to work in Copenhagen, and the same thing happened to some 20 people globally, when the merger between the two large Danish multipurpose players was settled, and since then the market has been speculating about the reasons behind the decision, which could look like a drastic move to some. According to Clipper Group CEO Kristian Mørch the merger was more the result of a sensible business evaluation than any kind of forced decision.

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