Tanker

Torm's largest shareholder loses majority control after big sale

US private equity firm Oaktree has again sold out of its stake in the tanker company and now owns less than half of the shares.
Torm has enjoyed record earnings over the past two years from a roaring hot tanker market, where demand and freight prices have skyrocketed due to the war in Ukraine and the subsequent turmoil in the energy markets
Torm has enjoyed record earnings over the past two years from a roaring hot tanker market, where demand and freight prices have skyrocketed due to the war in Ukraine and the subsequent turmoil in the energy markets
By Marketwire and ShippingWatch

Oaktree Capital Management, the main shareholder in Torm, has completed an announced sale of almost 7 million shares in the listed tanker shipping company, according to a statement on Monday evening.

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