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Torm sees highest earnings in a decade – but share has dropped 25 percent this year

Torm just delivered its best start in more than ten years, and the boom is expected to continue into the second quarter with a larger profit. Still, the shipping line's stock has dropped around 25 percent so far this year. CEO Jacob Meldgaard attributes the decline to general uncertainty in the global economy.

Photo: PR/Torm

It is not exactly evident from the stock market that product tanker is one of the few sectors in shipping to see the strongest market in years.

This applies not least to Torm, which has just delivered its best start in more than ten years, and which even has expectations for a better result in the second quarter.

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