Denmark’s Thornico has launched a new dry bulk shipping company Thorco Bulk, which will mainly operate in the handysize and supramax sectors.

The newly formed company will be an asset-light operator led by managing directors Marc Slinger, René Mikkelsen and Uffe Hansen.

Thornico currently owns project-oriented carrier Thorco Shipping, and with the new firm the company intends to boost its business and service offerings.

Thornico owner Thor Stadil said: “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.”

"During the last years, the lines between the different shipping segments have been fading and especially bulk is a growing part of the business."

Stadil also noted that an expansion into the dry bulk segment seems natural and complements the company’s existing business.

Both Thornico companies will operate as separate subsidiaries, with each running their respective businesses independently within bulk and project segments.

Stadil further added: “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.”

In January, Thorco opened a new Thorco Shipping office in Spain to serve its customers in the area.

Image: Thorco Bulk’s management team. Photo: courtesy of Thorco.