Torm sells nine tankers to Chinese leasing company

Shipping company Torm is divesting nine tankers after a long period with low rates in the product tanker market. The buyer is a Chinese leasing company, and the total price comes to USD 172 million.

Photo: PR / Torm

Shipping company Torm has entered a deal for the sale of nine tankers to Chinese leasing company Tianjin Yuanhang, reports China Development Bank Financial Leasing in a press release.

The selling price for the nine tankers runs to USD 172 million.

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