Although Torm lost money toward the end of 2020 and books a USD 21.1 million bottom line deficit for the first three months of the year, the Danish-based product tanker carrier continues to make fleet investments.
After acquiring eight MR product tankers from Team Tankers in early 2021 for nearly USD 137.5 million, Torm has also acquired another three LR tankers for the price of USD 121 million in the first quarter.
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