July 21 - According to a report in ShippngWatch, Thor Stadil, owner of Thornico which is the parent company of Danish shipping group Thorco, believes the tough multipurpose market has come a turning point and better times for the fleet are approaching.

In the interview, he reportedly states that Thorco expects cargo demand in the coming years will grow again, and also takes into account a further contraction of overall multipurpose fleet. Itself.

With many of Thorco's multipurpose ships handling bulk cargoes, the fate of the Danish shipping company is clearly linked to a resurgence in that market segment.

Earlier this month Thorco announced that Kent Hedegaard has joined he company and, along with Thomas Mikkelsen will head the future development of Thorco Shipping in their capacity as joint CEOs.

Mikkelsen will focus on the shipping side of the business and Hedegaard on the administrative and financial aspects.

Hedegaard joins from PWC where he has been a partner for many years and has been leading auditor for Thorco Shipping since the foundation of the company.