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Thorco booked triple-digit deficit in 2016

Carrier Thorco, owned by Denmark's Stadil family, booked a deficit of DKK 632 million in 2016, reports business daily Berlingske Business. The loss is attributed to impairments and the sale of non-profitable vessels.

Photo: Thorco

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J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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