ShippingWatch

Thorco invests in a series of new ships

Thorco is upgrading its fleet with newer multipurpose ships. This is just one strategy used up by the carrier, which like its competitors finds itself in a hard-pressed market.

Thorco Shipping has bought five large multipurpose ships, so-called 'tweendeckers', to replace older ships in the company's fleet. The purchase of ships which are already on the water forms part of the carrier's strategy to replace older tonnage and upgrade the fleet. Thorco, controlled by the Danish Stadil family, bought two ships last year of 20,000 dwt each from Maersk Line. The carrier also has a newbuilding program in place on a Japanese yard for ten new L-class ships.

The last five new ships were built in 2010, 2011 and 2012 and form part of the company's expansion in the segment from 15,000 dwt to 20,000 dwt, says CEO and partner in the company Thomas Mikkelsen in a statement:

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