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Tankers and Gas Mergers and Acquisitions Denmark

Torm open to consolidation after profits jump

The company sold seven ‘vintage’ vessels built between 1997 and 2002 for a consideration of $66m, $10m of which was received in the second quarter of 2020

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Danish company Torm is looking to replace its vessels when the time is right as part of its fleet renewal strategy. With the freight market coming off the peaks earlier in the year, asset prices should follow, according to the company’s executive director Jacob Meldgaard

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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