Torm buys younger ships as part of fleet renewal
Oaktree-controlled carrier Torm, which will present its third-quarterly report on Wednesday, has launched a much-needed fleet renewal process by acquiring several vessels. One of the vessels was allegedly sold by Maersk Tankers.
BY OLE ANDERSEN
Torm has initiated a much needed renewal of its aging fleet, a factor the carrier has itself highlighted as a significant challenge in relation to the restructuring of the product tanker carrier which now has US-based equity fund Oaktree as its controlling stakeholder.
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:
Bugbee: Oil companies will weed out aging tanker vessels
For subscribers
Nordic Tankers CEO: New venture will give us the right size
For subscribers
Scorpio Tankers made USD 88.1 million in Q3
For subscribers
