Thorco Projects and MC-Schiffahrt Form Multi-Purpose Pool

  • Business & Finance

Denmark’s Thorco Projects and Germany’s MC-Schiffahrt have teamed up to create a new pool collaboration under the name MCT pool.

The new MCT pool consists of six 10,500-ton multi purpose vessels from MC-Schiffahrt and eight comparable vessels from Thorco Projects.

“We are very pleased that MC-Schiffahrt has shown us this confidence, which needs to be highlighted in today’s shipping scene. We have a long and reliable relationship with MC-Schiffahrt over the years so it was natural for us to seize this opportunity to both enhance our collaboration and expand our fleet with the new MCT pool,”  said Thomas Mikkelsen, CEO of Thorco Projects.

The preliminary steps to the formation of the pool were taken back in November 2016.

Mad Dabelstein, CEO/Partner of MC-Schiffahrt, said: “In the current market it’s crucial to find reliable and well positioned partners. Our vessels fit very well with Thorco Projects’ needs and commercially it’s a great advantage for us to be a part of Thorco Projects platform. So in many ways it’s a very good match.”

Since the establishment of the MCT pool there have already been given indications that other parties are interested to join the new pool, the companies said.

“It goes without saying, that this step is only the beginning. Hopefully the cooperation will lead to further common projects involving but not limited to an increasing amount of vessels being added to this pool,” said Dabelstein.

Thorco Projects is a joint venture between Thorco and United Heavy Lift  formed in September 2016. Thorco owns and operates a fleet of around 80 multi-purpose vessels ranging from 7,800 to 20,000 dwt. United Heavy Lift was founded in April 2015 and the company operates a fleet of five vessels. Both parties are privately and family-held companies, Thorco by the global conglomerate Thornico, owned by Christian and Thor Stadil, and United Heavy Lift by Lars Rolner.

Hamburg-based MC-Schiffahrt controls a fleet of seven containerships, two bulk carriers, and eleven multi-purpose vessels.

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