Torm made USD 166 million deficit in 2013

Torm improved its annual result for 2013 to a deficit before taxes of USD 166 million. The carrier expects a 2014 deficit of up to USD 110 million before taxes, according to the company's annual report.

BY OLE ANDERSEN

Torm achieved a 2013 deficit before taxes of USD 166 million, a significant improvement over 2012, where the company's deficit before taxes came to USD 579 million, says the carrier today, Wednesday, in its annual report for 2013. The company is currently negotiating with investors and new owners as part of an ongoing sales process.

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