Torm CEO comfortable with new order in spite of big orderbook

Torm is just one of several shipowners to switch its attention toward the major product tanker vessels, which now account for a big share of the global orderbook. But CEO Jacob Meldgaard is not worried about this, he tells ShippingWatch.

BY OLE ANDERSEN

"We are fully aware that the current trend in the product tanker newbuilding market is turning toward bigger ships. But we view the market as one combined entity," says Torm CEO Jacob Meldgaard in a comment on the ordering activity in the product tanker sector.

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