If things turn out as numerous sources tell ShippingWatch they will, the rumors concerning the death of Torm were certainly exaggerated. Because the negotiations aimed at creating a new financial platform are reportedly progressing according to plan, report sources intimately familiar with the process, and this means that the carrier should be able to present a deal before the end of March - a deal that is fully backed by the carrier's complicated web of banks and funds.
Torm will publish its annual report 2014 on March 4th, and will hold its General Assembly on March 26th - and it seems unlikely that an agreement will not be ready by then.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
The von Appen family's trusted is first and foremost a dry cargo charterer
Hans-Christian Olesen, who has taken over leadership of Ultrabulk from Per von Appen, has grown up as a charterer and still travels around, making deals with customers. ShippingWatch has met the new chief executive.
Waiting time is down in port of Shanghai although congestion remains high
The port of Shanghai is slowly returning to normal levels despite congestion still remaining high for this time of year, a report from database VesselsValue shows.
Bimco sets up Brussels office
The shipping organization faces the consequence of the EU having in a short time span manifested itself as the trendsetting international legislator within climate, and establishes an office in Brussels, ShippingWatch learns.
Skuld has passed deadline for terminating business with Sovcomflot
Sanction-hit Russian tanker carrier Sovcomflot is no longer part of Skuld’s insured fleet, ShippingWatch learns. The deadline for ending the customer relationship has passed. Skuld refrains from commenting.
Hunter Group believes in tanker recovery despite Q1 deficit
Hunter Group ended Q1 with a deficit on the bottom line, however, the company still believes in a tanker recovery in the near future.
Senior Finance Business Partner 
Team Manager 
Marine Sales Executive - Performance Coatings 
Port Director for the Port of Kolding