ShippingWatch

Torm may recover million dollar loss in a few months

Torm went from a historically bad market to the best rates in years in a very short time. "I expect it to be the best result since the same period of 2016," says CEO Jacob Meldgaard to ShippingWatch about the start of 2019.

Torm's Executive Director Jacob Meldgaard. Photo: Ritzau Scanpix/Mik Eskestad

Six months have made all the difference for Danish product tanker company Torm, which is back to earning money following a difficult 2018.

In the first months of this year rates have soared to the highest levels in years and is now well above the company's breakeven, says CEO Jacob Meldgaard, who presented the company's annual report for 2018.

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