Torm's deficit grew considerably in historically weak market
Torm's deficit before taxes grew big-time in the third quarter of the year to USD 24.5 million. "The product tanker market reached historically low levels," says Executive Director Jacob Meldgaard in the interim report.
The product tanker market dipped to record-low levels in the third quarter of the year, and Torm's result before taxes dropped to a large deficit of USD 24.5 million from a loss of USD 3.9 million in the same period last year, shows the interim report, published Thursday.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Torm forms joint venture to manufacture scrubbers
For subscribers
Meldgaard: Crude tankers cannibalizing product market
For subscribers
