ShippingWatch

Torm loses head of tanker to Singapore competitor

Yet another Dane has been hired by the Singapore-based BW Group. This time it is Torm's highly respected head of tanker, Tina Revsbech, who has been appointed as CEO of Torm's competitor BW Pacific, ShippingWatch has learned. Bad news for Torm, according to assessments.

Photo: Torm

BW Group has hired yet another Dane as the chief executive of one of its carriers, following the event last year of appointing Carsten Mortensen, former CEO of Norden, as the new head of BW Group.

ShippingWatch has learned, that Torm's highly respected head of the tanker division, Tina Revsbech, has been appointed as CEO of BW Pacific, which is BW Group's product tanker carrier. Thus, Tina Revsbech will be in direct competition with Torm, which just recently landed the vital agreement for reorganization with Oaktree, banks and funds, which is meant to ensure a future for the old carrier. BW Pacific, which has a fleet of 21 LR1 and 22 MR product tankers, will possibly issue an IPO, and with this gain even more strength than the carrier has currently.

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