ShippingWatch

Torm has dropped 18 ships from its fleet since January 2010

Torm’s newbuilding program has come to an end. The market is now speculating in further divestments to build liquidity as part of the rescue plan.

Photo: Rederiforeningen

Torm has, in step with the shipping company's financial woes, been busy slimming down its fleet. Either through directs sales or by cancelling ordered ships.

A count of Torm’s official stock announcements - made by ShippingWatch - shows that the shipping company has sold 10 ships since January 2010. Add to this eight ordered, but cancelled, ships, including four Kamsarmax dry bulk ships of approximately 80,000 dwt each.

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