Thorco Shipping News

Six crew members are still missing after a general cargo freighter sank in the Singapore Strait following a collision with a chemical tanker at 8:14 p.m. (1214 GMT) on Dec. 16. The 10,385 deadweight tonne (dwt) cargo freighter Thorco Cloud, operated by Danish shipper Thorco Shipping and registered in Antigua and Barbuda, had a crew of 12. Singapore's Police Coast Guard, supported by the Maritime and Port Authority of Singapore (MPA), rescued five of the crew members, while the chemical tanker picked up a sixth, the MPA said. The rescued seamen were sent to Singapore General Hospital for observation, it said. Search and rescue operations continued for the six missing crew members, said an MPA spokesman in an update.

GAC Singapore announced today it will provide Thorco Shipping with agency services for its vessels calling at Singapore, including the loading and discharging of break-bulk and heavy lift cargoes at Jurong port. The Copenhagen-based Thorco operates a fleet of more than 80 multi-purpose general cargo and heavy lift tweendeck vessels trading worldwide, primarily in the project and break bulk sectors. Thorco has offices in the USA, UK, Germany, Holland, Brazil, Chile, Dubai, India, Singapore, China, Hong Kong and Japan.

Thorco sees fleet expanding by 50 pct in coming years. Multi-purpose shipping company aims to list in Copenhagen. Drewry expects industry to pick up in next few years. Denmark's Thorco Shipping expects to expand its fleet by 50 percent in coming years and plans to list on the Copenhagen stock exchange when industry conditions improve, its chairman said. "It is the plan to list Thorco Shipping's shares in Copenhagen one day but the shipping market needs to be in better condition," Chairman Thor Stadil told Reuters by telephone on Wednesday. Thorco Shipping, established 11 years ago and controlled by the Stadil family, is the world's second-biggest transporter of goods bigger than container size such as wind turbines, industrial components for oil rigs and trains.