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Robert Bugbee: Torm, Norden and Hafnia could make new, powerful shipping giant

A merger between Torm, Norden and Hafnia could create a new global powerhouse, says CEO of a major competitor of the Danish shipping companies. Hafnia's chief exec is open to the thought experiment but also sees disadvantages to such a large merger.

Robert Bugbee, CEO of carrier Scorpio Tankers, has vast experience with buying and selling shipping companies. In 2007, he helped sell a US carrier to Torm, and Scorpio acquired a major competitor 2017. | Photo: Tomas Kristiansen

Torm, Hafnia and Norden could create a new Danish shipping giant on the oil market if they were to merge, says Robert Bugbee, CEO and co-owner of competing Scorpio Tankers, one of the largest product tanker operators in the world.

If Torm, Hafnia and Norden joined, they would become quite the powerhouse.

Robert Bugbee, CEO, Scorpio Tankers

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