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Torm lands USD 127 million full-year profit

Torm has definitively demonstrated that the dramatic financial troubles at the carrier are over. The company achieved a full-year profit of USD 127 million before taxes, more or less in line with expectations. And 2016 could be even better, notes the carrier.

Product tanker carrier Torm delivered a 2015 full-year profit of USD 127 million before taxes, according to the carrier's annual report, published Tuesday.

Torm's result thus follows in the wake of a series of positive annual reports from tanker carriers across the globe who are in the midst of a boom due to the extremely low oil price, with Italy's d'Amico most recently posting significant growth for the past year.

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