Jacob Meldgaard CEO Torm

Tanker rates need to improve before Torm launches IPO


Torm CEO Jacob Meldgaard has not shelved the IPO plans even though the carrier suffered a big deficit of USD 142 million for the year after a fleet impairment of USD 185 million. But the tanker rates will need to improve and oil stockpiles go down before a listing becomes relevant, he tells ShippingWatch.

Published 09.03.17 at 14:48

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