Five times during 2012, Torm has issued a stock exchange announcement saying the shipping company expects to renew its provisional agreement with the banks concerning the company’s debt. Every time, the announcement has been followed by a new press release in which the shipping company’s group of banks repeats its support to the company saying that a long-term solution must be found even though it has still not been the case.
Tomorrow, all eyes will again be on Torm’s debt of USD 1.8 billion and comments on a probable long-term deal with the carrier’s 15 banks as the carrier presents its second quarter report.
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