Thorco Projects Sets Up New Dry Cargo Division
- Business & Finance
Danish shipping company Thorco Projects is expanding its line of core services with the launching of a new dry cargo division.
With the establishment of Thorco Projects Dry Cargo the company is moving into the segment from 20,000 to 35,000 dwt.
“Over the years, we have experienced a continuously overlap between the MPP market into the smaller handy market, for which reason we see an increase in demand and thus an area which we believe we have the unique capabilities to fulfil,” CEO and Partner, Thomas Mikkelsen, says.
“As a natural development of Thorco Projects and our core services, we wish to explore this segment from 20,000 to 35,000 dwt and have, therefore, established our new division – Thorco Projects Dry Cargo,” he adds.
Thorco Projects Dry Cargo will be run by two of Thorco Projects charterers, Rasmus Olsen and Ulrik Engel, working from Copenhagen.
The company informed that its new division is already off to a good start.
“We kick-started this project internally a month ago and I am happy to say that we already operate more than 10 vessels within this category with more to come. Our ambition is to grow and add more manpower to this division throughout our global network of offices,” Mikkelsen concluded.