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:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs