Thy Ferries Cargo A/S has filed for bankruptcy and the activity continues in a newly formed company called TF Cargo.
Thy Ferries Cargo A/S has filed for bankruptcy and the activity continues in a newly formed company called TF Cargo. The old company Thy Ferries Cargo was unable to pay their bills after the first months of trading. Therefore the investors behind Thy Ferries formed a new company, chartered the ferry Victoria VI and started all over again. “We have had some rather high costs in the months starting the service, but with a cheaper ro-ro vessel and more cargo we are close to balance”, explains Rasmus Haugaard, chairman of the board, to Nordjyske.dk. The bankruptcy leaves a number of creditors without payment, including the owners of the ro-ro vessel Clare, which sailed on the route in the first couple of months. TF Cargo sails daily between Hanstholm and Kristiansand with trailers and up to 12 lorries with driver.
