Torm has no need to grow bigger: "Now we are reaping benefits"

Tanker operator Torm has changed its fleet composition significantly to benefit from longer voyages. ”We hold no power over geopolitical issues, and we hold no power over the market being so strong,” says Torm CEO Jacob Meldgaard.

by KIM WIESENER

Some months ago, Torm divested its last tanker vessel of the handysize type. A single transaction – but one that is highly symbolic of the carrier’s strategic direction.

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