Torm swims against the tide and books second quarter profit despite weak market

In contrast to several competitors, the product tanker carrier has managed to turn a profit in the second quarter even though the product tanker market was ailing during the period.

Photo: PR/Torm

While competitors such as Scorpio Tankers, Ardmore Shipping and d'Amico are seeing red figures as a result of an ailing product tanker market, Torm has managed to turn a profit in the second quarter of 2021.

The product tanker carrier booked a positive operating result (EBITDA) of USD 45 million and a result before taxes of USD 2.4 million.

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