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Torm chief open to participate in consolidation

The mergers and acquisitions in product tanker are being watched closely by Torm, where Executive Director Jacob Meldgaard is open to "potential opportunities," he tells ShippingWatch.

Photo: Thomas Tolstrup

The product tanker operators can look forward to welcoming a new major player with last week's merger between Diamond S and Capital Product Partners.

A move that is being watched with interest by Torm, which alongside players such as Ardmore and Maersk Tankers is being mentioned as next in line in terms of further consolidation in the market.

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Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

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