Tanker

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
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
Finans
by niklas krigslund

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.

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