Tanker

Torm CEO looks forward to "double effect" in product tanker

As its competitors, Danish product tanker carrier Torm exits the third quarter in the red. Freight rates came to a historic low point during the quarter, reports CEO Jacob Meldgaard, who is nevertheless hopeful about the future. The same goes for Ardmore following a quarterly loss.
Photo: Marine Traffic / Rasmus Hoffmann
Photo: Marine Traffic / Rasmus Hoffmann
by DANIEL LOGAN, SØREN PICO

Torm exits the third quarter in the red amidst a historic low point in the product tanker market.

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