Torm beats competitors in "terrible" year for product tanker

Torm comes out on top in a comparison of results between five product tanker operators in 2021. In total, Torm, Hafnia, d’Amico, Ardmore Shipping and Scorpio Tankers booked a loss of USD 407m. ”A challenging year,” Torm CEO tells ShippingWatch.

Photo: PR/Torm

Denmark-based Torm takes the trophy in a 2021 performance comparison between five of the largest product tanker companies.

Measured on profitability and return on assets (ROA), Torm has beaten its four product tanker rivals Hafnia, d’Amico, Ardmore Shipping and Scorpio Tankers, shows a comparison of 2021 results prepared by the analysis department of ShippingWatch.

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