Copenhagen-based firm Thorco Shipping Holland has reached an agreement with two Dutch shipping companies Navigia and Feederlines to join forces in respect of technical ship management.

The new company will have a total of 65 vessels in ship management and will represent four brands including Thorco Projects, Navigia, Feederlines and Peak.

“We believe that with this new joint venture we have created the right setup to attack the current and coming challenges in the market for the upcoming period,” Otto Torenbosch, MD Thorco Shipping Holland BV, said.

Earlier this year, Feederlines was separated from the former shareholder, Reederei Hartmann, and is now 100% owned by Jan van der Laan, while Navigia is controlled by Jan van Breden and Eric Bos. Both companies merged their management activities earlier in 2016.

Navigia/Feederlines received confirmation at the beginning of December 2016 that the technical management of six Abis B-type 3,800 dwt open top vessels has been awarded to them by new owners, Peak Norway.