Torm resurrected as well-padded tanker carrier
Following the restructuring, Torm will be a particularly well-padded tanker carrier after several years of severe debt crisis and negative net capital. The debt in the new recapitalized Torm will constitute less than 50 percent of the assets in the company. A capital foundation which also enables Torm to finance a necessary renewal of the carrier's fleet.
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:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
The new Torm projects USD 140 million profit in 2015
For subscribers
Torm projects USD 100 mln operating profit for H1
For subscribers
Torm replaces entire board of directors
For subscribers