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Thorco Bulk is launched

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World Coal,

Thornico has launched a new shipping firm, the dry bulk carrier Thorco Bulk onto the shipping market.

Thornico already owns the project oriented carrier Thorco Shipping and, with the opening of this second company, the company aims to strengthen its business and offering a wider range of services to meet the needs and demands of clients.

Thorco Bulk will be an asset-light operator, primarily within the handy/supra segment. The team behind Thorco Bulk consists of the three Managing Directors Marc Slinger, René Mikkelsen and Uffe Hansen. They all have years of experience within shipping.

“René, Marc and Uffe have a great track record, great know-how and expertise within the field and furthermore, an eye for sound business practice. We thus believe that the business model is sound and puts us in a great position to capitalise on any synergies,” Thornico owners, Thor and Christian Stadil, jointly said in a media statement.

Thorco Bulk will be operating as of Monday 1August 2016.

Thor Stadil said an expansion into the dry bulk segment, in the form of the new company Thorco Bulk, seems natural and complements the existing business.

“During the last years, the lines be¬tween 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,” he stated.

The two Thorco companies will be separate subsidiaries, each running their businesses independently within bulk and project. But as sister companies, they will run very closely.

According to CEO and Partner in Thorco, Thomas Mikkelsen, the synergies to be gained between the two are numerous. “The boundaries are inching closer together and more than ever, we find ourselves within each other’s segments. And we will, of course, collaborate closely, however, without our customers becoming confused about the fact that we are two separate companies,” he concluded.

Edited from press release by Harleigh Hobbs

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