May 12 - Henrik Ramskov has stepped down as ceo of Thorco Shipping having spent less than one year at the company's helm.

Former ceo Thomas Nørballe Mikkelsen has reassumed his former role with responsibility for the operational side of the business.

Reports claim that accountant Kent Hedegaard, a PricewaterhouseCoopers (PwC) partner, is set to head up the company's financial and administrative divisions. He will join the company on July 1.