Danish shipping company, Norden, has agreed to acquire its compatriot Thorco Projects business expanding its reach to the general cargo segment, especially breakbulk, steels and wind industry project cargo. If all the regulatory conditions are...Read more
ShippingThorco Projects’ asset-light strategy is paying off. Since the start of the new strategy in 2016, the company has been steadily increasing its sales and profit and so far, the coronavirus has not caused any...Read more
Annual reportThorco Projects has tripled its revenue last year and posted a small profit of USD 3.4 million. However, the purchase of expensive and loss-making vessels is still troubling the company.
The revenue of the asset-light company...Read more
ConsolidationThorco Projects will not be playing an active role in the consolidation of the project cargo shipping market. Instead, the company wants to remain asset-light, chairman Thor Stadil says.
Consolidation in the heavy-lift and project cargo...Read more
Multipurpose fleetBBC Chartering regained the number one position in the top-10 ranking of multipurpose vessel operators, a place which it lost to Cosco Shipping Specialised Carriers early last year.
With a fleet of 144 vessels, BBC...Read more