The new Torm projects USD 140 million profit in 2015
With the combined activities of Torm and Njord Luxco, equity fund Oaktree's company in the carrier, the tanker carrier projects a de-facto recovery of the result as early as 2015. But the average age of the fleet represents a challenge.
BY OLE ANDERSEN
Torm projects a profit before taxes upwards of USD 140 million for the full year 2015, according to a prospectus issued by the carrier ahead of the extraordinary General Assembly scheduled for August 25th in Copenhagen, representing the final step in the completion of the corporate restructuring, and which will see a new board of directors taking over the company.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Introducing Oaktree's strong man on the Torm board
For subscribers
Torm replaces entire board of directors
For subscribers
Torm completes restructuring
For subscribers
