ShippingWatch

"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.

Read the whole article

Get 14 days free access.
No credit card required.

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

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Further reading

Related articles

Trial banner

Latest news

See all jobs