Torm delivers full-year profit in challenging tanker market

Product tanker shipping company Torm achieved a pre-tax profit of USD 3 million in 2017. But the product carrier is still waiting for a recovery. "The market fundamentals are in place," Executive Director Jacob Meldgaard tells ShippingWatch.

Photo: Torm

Updated 12:58 pm CET with comments from Executive Director Jacob Meldgaard

Denmark's Torm was able to deliver a profit for the full-year 2017 despite a challenging product tanker market.

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