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.

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

The carrier announced this in a press release Friday, just one day after the carrier's general assembly.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news


See all

See all