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Denmark's Thorco Shipping eyes more ships, IPO

It may buy vessels that banks want to offload from stricken shipping firms

Published Wed, Jun 11, 2014 · 10:00 PM
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[COPENHAGEN] Denmark's Thorco Shipping expects to expand its fleet by 50 per cent 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 yesterday.

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.

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