Erik Thun Group

What Erik Thun Group does

Erik Thun Group is a third-generation, family-owned Swedish shipping company founded in 1938 and headquartered in Lidköping, Sweden. The group operates a fleet of close to 50 vessels across Northern Europe through three core business segments: Thun Tankers (coastal and intermediate-size product tankers carrying liquid cargo), Dry Cargo (fuel-efficient dry goods carriers including the Lake Vänern MAX series), and cement carriers managed under the JT Cement AS joint venture in Bergen, Norway (operating the world's first LNG-powered cement carriers). The group also runs OP Ship AB, a wholly-owned shipbroker and port agency serving both its own fleet and third-party vessels across six Swedish ports.

Name

Erik Thun Group

Legal name

Erik Thun AB

Website

https://thun.se

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Erik Thun Group is a third-generation family-owned Swedish shipping company founded in 1938, operating ~50 vessels across product tankers, dry cargo and cement carriers in Northern Europe. It also runs the OP Ship port-agency and shipbroker arm.

Ownership category

akta.pro rank

Product category

Maritime Shipping Services

NAICS

Water Transportation (483), Freight Transportation Arrangement (488510)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Maritime shipping services
• Product tanker transport
• Dry cargo shipping
• Cement carrier operations
• Port agency services

Headquarters

HQ city

Lidköping

HQ country

Sweden

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Infrastructure, Operations, Technology or R&D

Revenue model

1. Vessel Chartering Services: Commercial management and chartering of product tankers, dry cargo vessels, and cement carriers for maritime transport across Northern Europe.
2. Ship Management Services: Technical and operational management of vessels, including fleet management, crew management, and maintenance services through OP Ship and partnerships.
3. Port Agency Services: Port agency services provided through OP Ship from multiple offices across Scandinavia.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Erik Thun Group operates a fleet of approximately 50 vessels providing maritime shipping services across Northern Europe. The company offers three main service lines: liquid cargo transport via product tankers (Thun Tankers), dry cargo shipping, and cement carrier operations through the JT Cement joint venture. The company also provides ship management, chartering, and port agency services through OP Ship.

Product overview

Erik Thun Group is a third-generation family-owned Swedish shipping company operating approximately 50 vessels across three main business segments: Thun Tankers (product tankers), Dry Cargo (dry cargo shipping), and Cement carriers (via JT Cement joint venture). The company also operates OP Ship as a shipbroker and port agency. The portfolio includes specialized vessel series: R-class and E-class product tankers with dual-fuel capabilities, LNG-powered cement carriers, and Lake Vänern MAX dry cargo vessels. All new vessels feature hybrid propulsion systems, shore power capability, and advanced energy monitoring for sustainability.

Differentiator

Problem solved

Functional benefit

Products and services

• Thun Tankers Coastal and intermediate-size product tanker fleet management operating across Northern Europe. Manages a modern fleet of resource-efficient vessels delivering liquid cargo safely and sustainably, including R-class and E-class product tankers with dual-fuel engines (LNG/LBG), methanol-ready capabilities, hybrid propulsion, battery packs, and shore power capability.
• Dry Cargo Shipping Conventional dry cargo shipping operations in Northern Europe with modern, fuel-efficient vessels. Operates Lake Vänern Max and Crystal-series vessels featuring hybrid propulsion systems, optimized hull designs, advanced energy monitoring, and shore connection capability for emission-free port operations.
• JT Cement Carrier Operations Cement carrier management joint venture operating the world's first LNG-powered cement carriers, cutting CO2 emissions by up to 45% compared to previous generations. Manages Greenland, Ireland, and Shetland vessels with advanced LNG propulsion, larger tank capacity, and shore power capability.
• OP Ship Port Agency and Shipbroker Services Shipbroker and port agency services offering dry cargo chartering and port agency from offices in Gothenburg, Kalmar, Helsingborg, Landskrona, Halmstad, and Malmö. Provides professional services to own and external vessels.

Quantifiable outcome

• Up to 45% CO₂ emission reduction with LNG-powered cement carriers compared to previous generations
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• MF Shipping GroupcoreStrategic or Co-development PartnerPartnership with MF Shipping Group in the Netherlands for operating the rest of the tanker fleet. A third of the fleet is managed from Lidköping headquarters while the rest is operated in partnership with MF Shipping Group.
• JT Cement AScoreStrategic or Co-development PartnerJoint venture with JT Cement AS in Bergen, Norway, managing cement carriers (except M/V Vestanhav). JT Cement operates the world's first LNG-powered cement carriers.
• OP Ship ABcoreStrategic or Co-development PartnerOP Ship AB is a shipbroker and port agency complementing Erik Thun Group's logistics offering. Provides professional services to both own and external vessels from offices in Gothenburg, Kalmar, Helsingborg, Landskrona, Halmstad and Malmö.
• WärtsiläcoreTechnology or IntegrationWärtsilä 25 engines installed on new R-class tankers. Engines are theoretically ready to handle all possible future and alternative fuels including methanol, ammonia and hydrogen.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Wallenius Wilhelmsen: Norwegian/Swedish global RoRo and shipping major with Northern European heritage. Operates in adjacent maritime segments with overlapping customer base in Nordic industrial logistics, though larger and publicly listed.
• Stena Bulk: Swedish family-owned global tanker and shipping major with much broader tanker portfolio and global reach. Comparable on family ownership, Swedish base, and tanker operations, but at larger scale and broader geography.
• Hafnia: One of the world's largest product tanker operators based in Denmark with substantial Northern European exposure. Provides scale comparison in the product tanker segment where Thun Tankers competes.
• Scorpio Tankers: International product tanker operator with fleet of MR and LR vessels. Relevant comparable for tanker segment economics but operates at much larger global scale than Thun Tankers.

Direct peers

• Furetank: Swedish family-owned chemical and product tanker operator in Northern Europe, closely comparable to Thun Tankers with similar vessel size class (coastal/intermediate) and overlapping customers. Competes head-to-head in the same short sea liquid cargo niche.
• Wagenborg Shipping: Dutch family-owned shipping company operating a diverse fleet including dry cargo and multipurpose vessels in Northern Europe. Directly comparable diversified short sea operator with family-ownership structure.
• Concordia Maritime: Swedish product tanker shipping company with P-MAX and ICE-class vessels in the same Northern European trade lanes. Highly comparable in segment focus (product tankers) and customer base.
• Terntank Rederi: Nordic-based product tanker operator focused on Northern European coastal trade with similar intermediate-size tanker profile. Directly competes with Thun Tankers for chemical and product cargo contracts.
• Donsötank Rederi: Swedish tanker operator (part of Erik Thun competitor segment) running product and chemical tankers in the same Northern European waters as Thun Tankers. Direct comparable on vessel type and region.

Others

• MF Shipping Group: Dutch tanker operator that is also Erik Thun's JV partner for part of the tanker fleet. An ecosystem participant and partial peer; a useful benchmark for European product tanker operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ErikThunGroup
• LinkedInlinkedin.com/company/erik-thun-group
• Instagraminstagram.com/erikthungroup
• Xx.com/thuntankers
• Facebookfacebook.com/erikthungroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Erik Thun Group