ShippingWatch

Torm makes USD 30 million deficit in 2nd quarter

Torm achieved a deficit of USD 30 million before taxes in the second quarter 2013, according to the shipping company's financial report for the first half of the year. The shipping company raises expectations for 2013 as a whole.

Things went the wrong way for Torm in the second quarter 2013 compared to the first three months of the year. The shipping company's deficit doubled, to USD 30 million before taxes, according to the financial report for the first half of the year. However, the result marks a significant improvement over the same period last year, when the company made a deficit of USD 132 million. And as such, the starting point is significantly better, says CEO Jacob Meldgaard in the financial report.

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