Thornico, the parent company of Danish shipowner Thorco Shipping, has decided to expand its business scope as it launched the dry bulk carrier Thorco Bulk.
Thorco Bulk will be an asset-light operator, primarily focused on the Handysize and Supramax segments, according to Thornico.
The new company will be led by former Western Bulk employees, namely, Marc Slinger, René Mikkelsen and Uffe Hansen.
“During the last years, the lines between the different shipping segments have been fading and especially bulk is a growing part of the business. We are very strong within project and as the segments overlap, it makes sense to expand the business to get closer to our clients and thus be able to serve them with a wider range of services,” one of Thornico’s owners, Thor Stadil, said.
The two Thorco companies will be separate subsidiaries, each running their businesses independently within bulk and project.