Torm embarks on tough third quarter
Product tanker rates remain low in the second half of the year, and if this trend continues, Torm will end up booking a deficit for the third quarter. CEO Jacob Meldgaard is positive, however, about the remainder of the year, in which several factors are expected to boost the sector.
by SØREN PICO
Yesterday, Torm presented its best half-year report in three years. But if the current trend with low rates within product tanker continues, the profit will turn into a deficit in the third quarter.
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