Danish project and multipurpose cargoship group Thornico is quitting shipowning after it agreed to place its last two vessel-owning companies into bankruptcy.
Danish daily Finans reported that the single-ship entities had been declared bankrupt by the district court in Odense because they could not pay their debts.
The ships involved are the 19,600-dwt Thorco Isabella and the 13,800-dwt Thorco Isadora (both built 2011).
