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Torm books large deficit with bright 2019 outlook

Product tanker carrier Torm exits 2018 with a total deficit before tax of USD 33 million. However, the end of 2018 and early 2019 showed the best market in years, the company writes in its annual report.

Photo: Torm

The long-awaited improvement in the product tanker market is finally underway, says carrier Torm in its annual report for 2018.

The figures show a total pre-tax deficit of USD 33 million for the year. In comparison, Torm booked a profit of USD 3 million in 2017.

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