January 7 - Thorco Shipping has opened a new office near the centre of Madrid in Spain.

The office will by headed up Alvaro Gonzalez and Jorge Pla Peralonso, who will be in charge of chartering, and Ignacio Urbieta, who will be responsible for operations.

Thorco explained that Spain has become a very important market for the company, and the opening of the new office is intended to further support this growth.