Norden has entered into an agreement to acquire the Thorco Projects business, providing access to new customers within the general cargo segment. With the acquisition of the Thorco Projects business, NORDEN further grows its customer offering, as Thorco Projects operate within specialist general cargo segments such as break bulk, steel and wind energy related cargoes, where multiple cargo parcels from different customers typically are combined into single shipments on Multipurpose and Handysize ships. Thorco Projects is operating a chartered fleet of 30-40 vessels. The acquisition is subject to regulatory clearance. Closing is expected to occur in Q3 2023.
