Erik Thun Group
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.
- Company typePrivate
- Founded1938
- HeadquartersLidköping, Sweden
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
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.
Erik Thun Group firmographics
Firmographics- 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
Erik Thun Group industry classification
Industry- 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
Where Erik Thun Group is headquartered
LocationHeadquarters
- HQ city
- Lidköping
- HQ country
- Sweden
- HQ region
- Europe
Offices8 records
Markets served
Erik Thun Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Infrastructure, Operations, Technology or R&D
Revenue model
- Vessel Chartering Services: Commercial management and chartering of product tankers, dry cargo vessels, and cement carriers for maritime transport across Northern Europe.
- Ship Management Services: Technical and operational management of vessels, including fleet management, crew management, and maintenance services through OP Ship and partnerships.
- Port Agency Services: Port agency services provided through OP Ship from multiple offices across Scandinavia.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bespoke chartering and shipping services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Erik Thun Group product offering
Product offeringCore 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
Companies that use Erik Thun Group
Customer profileSegments4 records
Ideal customer profiles3 records
Erik Thun Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature7 records
Erik Thun Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- MF Shipping GroupcorePartnership 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 AScoreJoint 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 ABcoreOP 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.
- WärtsiläcoreWärtsilä 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
Erik Thun Group competitors and assessment
Company assessmentBroad 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
Erik Thun Group social profiles
Digital presenceErik Thun Group compliance and trust
Trust signalCompliance2 records
Erik Thun Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Erik Thun Group leadership team
Management profileNumber of profiles
Profiles11 records
Erik Thun Group subsidiaries and ownership
Company hierarchySubsidiaries6 records
Erik Thun Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Erik Thun Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Erik Thun Group
What does Erik Thun Group do?
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.
Is Erik Thun Group a public or private company?
Erik Thun Group is a private company. It is classified as family owned and is currently operating.
When was Erik Thun Group founded?
Erik Thun Group was founded in 1938. It employs 501 to 1,000 people.
Where is Erik Thun Group based?
Erik Thun Group is headquartered in Lidköping, Sweden, in the Europe region.
How does Erik Thun Group make money?
Three revenue lines are on record. Vessel Chartering Services are the primary driver. The others are ship Management Services and port Agency Services.
Who are Erik Thun Group's main competitors?
Broad incumbents on record are Wallenius Wilhelmsen, Stena Bulk, Hafnia and Scorpio Tankers. Direct peers are Furetank, Wagenborg Shipping, Concordia Maritime, Terntank Rederi and Donsötank Rederi. MF Shipping Group is listed as an others.
Does Erik Thun Group have an API?
No public API is recorded for Erik Thun Group.
What industry is Erik Thun Group in?
Erik Thun Group's product category is Maritime Shipping Services. Its primary akta.pro industry code is TLADALAA, Crude Oil & Petroleum Products Tanker Transport. Its NAICS code is 483 and its SIC code is 4400.