Torm's overheated spring turned into a cold shower over summer: "We're challenged"

Product tanker operator Torm secured a small profit in the third quarter but projects a loss in the fourth, says Executive Director Jacob Meldgaard. The 2021 outlook for product tanker is uncertain.

Photo: PR/Torm

The golden product tanker market in spring with record-results, soaring demand and booming rates is no longer. Now tanker companies instead face an uncertain and loss-making reality. This includes Torm.

The Danish product tanker company just presented its interim report for the third quarter, which shows a small profit of USD 1 million before taxes.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news


See all

See all