Torm secures signatures for new rescue deal

The proposed restructuring agreement for Torm's sky high debt has been signed. According to chairman of the board, Flemming Ipsen, this is a milestone in resurrecting the carrier to its former strength.

BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH

After the debt-stricken carrier Torm negotiated a locked text for forbearance from lenders, the papers have now been signed.

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Torm secures signatures for new rescue deal

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Torm's board has completed set task

Torm obtains forbearance from lenders

Torm loses head of tanker to Singapore competitor

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Dubai challenges Singapore as shipping's favorite city

John Fredriksen has increased his wealth by NOK 81bn this year

Cosco to build production chain for green methanol

Carsten Mortensen wants to build green reefer ship for banana export

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