Torm has received a waiver from its lenders as part of the efforts to finalize the carrier's restructuring agreement. The agreement is expected completed in the 1st quarter this year and will bring significant changes for the company's shareholders.
BY LOUISE VOGDRUP-SCHMIDT
Torm is working full speed to finalize the restructuring plan aimed at ensuring the carrier's continued operations following the complete downturn after the financial crisis.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.