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Torm CEO still focusing on spot in red-hot product tanker market

Torm is banking exclusively on the spot market despite the product tanker upswing. Continued uncertainties and forthcoming sanctions make it hard to predict what to expect of the market, said CEO Jacob Meldgaard during Capital Link Forum.

Photo: David Butler

NEW YORK

Tanker shipping company Torm refrains from betting on fixed and longer-term contracts with its customers, even though the product tanker market is currently enjoying golden days.

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