"This is definitely a good time for buying ships"

At a point where other segments are starting to cannibalize Thorco’s MPP market, the Danish carrier was presented with an opportunity so interesting that it decided to buy 5 newer ships, Thorco's CEO tells ShippingWatch.

Photo: Thorco

An "interesting opportunity in the market" resulted in Danish multi-purpose carrier Thorco's announcement last week that the company had purchased five newer ships, explains CEO and partner Thomas Mikkelsen in an interview with ShippingWatch.

"This is definitely a good time to buy ships," he says, adding that the market is currently "extremely turbulent and extremely hard" for everyone in the industry.

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