Tanker

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
Photo: PR / Torm
by JENS THOMSEN

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs