Nordea: Torm's IPO plans in 2016 look tough

In just the first few months of 2016, the leading tanker carriers have declined 20 to 30 percent on Wall Street, and the uncertainty will not decrease over the course of the coming year. It may even get worse.

Photo: Torm

The US equity fund Oaktree's desire to list Torm in New York sometime in 2016 faces tough odds even though the markets for both crude oil and oil products are currently peaking at the highest levels since the recession in 2008.

Share prices for the leading listed tanker carriers on Wall Street have been on the decline in the first few months of 2016. At Nordea Markets, senior analyst Stig Frederiksen does not view an IPO of Torm in 2016 as a realistic option at the moment.

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