Topic: Thorco Projects

Norden lays eyes on breakbulk, steels and wind industry cargo

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

26-05-2023|Comment|author: Adnan Bajic

Thorco Projects’ asset-light strategy pays off amidst corona crisis

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

17-06-2020|Comment|author: Adnan Bajic

Thorco Projects triples revenue and increases profit

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

16-07-2019|Comment|author: Adnan Bajic

Thorco Projects has no interest in acquisitions or vessel purchases

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

24-04-2019|Comment|author: Adnan Bajic

BBC Chartering reclaims crown from Cosco

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

05-04-2019|Comment|author: Adnan Bajic