Thorco landed profit of USD 1m in year one with Clipper

The merger with Clipper’s multipurpose fleet was the overriding event for the Stadil family’s shipping company Thorco in 2013. Last year’s profit totaled USD 1 million and 2014 should see the company barely breaking even.

With the takeover of Clipper’s multipurpose fleet last year, Thorco took a giant leap up the ladder of the world’s biggest carriers within the segment odd-sized packages.

With additional purchases of vessels from hard-tried companies in 2013 - presumably at a discount - the fleet in the new Thorco ended at about 100 ships. But although two carriers essentially became one, and there was thus some sort of consolidation, it has not led to a bulging bottom line.

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