A SHARPER FOCUS We welcome you to the first issue of THORCO NEWS. With this magazine, we want to share our insights, latest stories, our various projects and in general the many news across our worldwide company and from the world of shipping. Thorco Shipping has over the years grown to become a leader within the industry. A positive development that we wish to continue. Nevertheless, the current market, we are all facing, is one characterized by turbulence and inpresence in the different markets. Changes you may read more about on the following pages. With these changes, we are pleased to welcome people on board and at the same time truly sorry to say goodbye to some of our entrusted and valued colleagues through many years. We thank all of you for your efforts and contributions and wish you the best of luck and a fair wind. Despite the headwinds our industry is currently facing, we believe long “In Thorco Shipping we stability, with global indexes dropterm in shipping. We meet the strongly believe that even ping to an all-time low. In Thorco new challenges we face everyShipping, we pride ourselves on day with the same vigour, drive though the market is under being a dynamic company, hav- pressure, when it is a closed door, and high level of professionaling a high degree of flexibility this also equals an open door in ism, striving to meet the needs and readiness for change brought and demands of our esteemed terms of other opportunities about by our way of structuring our clients. that will arise.” organization, offices and our fleet. We are a very flat company, where the link from idea to action is short. This flexibility and adaptability are more important than ever, getting through times like this. In Thorco Shipping, we strongly believe that even though the market is under pressure, when it is a closed door, this also equals an open door in terms of other opportunities that will arise. The first part of the year has thus been about sharpening our focus, making sure to maintain a strong company facing the challenges of the present and the future. We have looked into how to optimize our strategy in relation to renewing our fleet and our Thomas Mikkelsen CEO & Partner, Thorco Shipping Yours sincerely, On behalf of the entire Thorco team, we hope you enjoy this insight into our Thorco world. EXECUTIVE MANAGEMENT TEAM Chief Executive Officer & Partner Thomas Mikkelsen SPRING 2016 Executive Vice President Group Accounting & Controlling Jan Egtved Knudsen Executive Vice President Group Director Executive Vice President Group Finance Jesper Ringsholm Morten Snede 3
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