Danske Bank and Nordea have, according to Berlingske's information, been in New York late this spring to present Torm to a series of interested private equity funds. The banks' and the shipping company's recent dismantling of the dry bulk segment by returning 20 ships to their owners should be seen as part of the preparations for the sale, writes the newspaper on Friday.
"Torm does not have the necessary resources to achieve a sufficiently attractive position in the dry bulk segment. As a result, Torm has decided to focus all its available resources on the strong operational platform in the product tank segment," writes Chairman Flemming Ipsen in an email to Berlingske.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Coal comeback prompts new trend within dry bulk: "It’s unfortunate for the climate, but it’s necessary right now"
Demand for coal is soaring in Europe due to Russia’s invasion of Ukraine, and the new market supports dry bulk carriers, say the chief execs of Lauritzen Bulkers, Ultrabulk and Golden Ocean to ShippingWatch.
Maersk Broker ready to mobilize within tanker: "Of course, we want to be part of it"
The tanker market has adjusted more rapidly than expected. Maersk Broker therefore wishes to expand business within tanker, requiring a strengthening of the organization, say top executives in an interview with ShippingWatch.
One alternative fuel may be particularly dangerous
In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.
Dan-Bunkering achieves billion-dollar revenue – set to focus on new acquisitions
Dan-Bunkering, part of fuel supplier Bunker Holding, last year saw a significant boost in revenue, with earnings coming in more flat. The bunker company will focus on mergers and acquisitions.
Analyst firm seeing signs of weakening container spot rates
Spot rates on the container market have declined in the past two weeks. The likelihood of a bigger drop in rates has increased, according to Sea-Intelligence.
Safety Leadership & Transformation Manager 
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Airfreight 
Finance Controller 
Senior Sales Manager 
Head of Vessel Operations 
Crewing officer