Torm delivers first profit in five years

Tanker carrier Torm is able to present a profit on the bottom line for the first time in a long while first quarter pre-tax profit of USD 8.6 million, according to the interim report, published Wednesday. Things looked somewhat different and more bleak in the same period last year, where the carrier suffered a deficit of USD 222.6 million. Like other players in the sector, Torm has benefited greatly from towering demand and favorable rates.
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