ShippingWatch

Torm books profit, reports strongest market in "more than a decade"

Tanker carrier Torm has turned a loss around to a profit in the year’s first quarter. The war in Ukraine and sanctions against Russia have boosted rates and brought about ”the strongest for more than a decade,” says CEO Jacob Meldgaard.

Photo: ShippingWatch/Søren Pico

Danish tanker shipping company Torm bags a profit for the first quarter of 2022, reporting a significant strengthening of the product tanker market, with sanctions against Russia having boosted rates significantly.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs