ShippingWatch

Stock exchange watching Torm closely

The Copenhagen Stock Exchange has placed Torm on its so-called observation list, as ship sales and impairments will result in a negative equity for the carrier in the 1st quarter 2014.

After Danish Ship Finance exercised its option related to Torm, the carrier has now been givern observation status at the Copenhagen Stock Exchange, as the divestment of ships and subsequent impairments mean the company will hold a negative equity in the first quarter 2014.

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