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Torm MR sale to Oaktree affects full year expectations

Torm sells four MR product tankers to Oaktree. The sale results in significantly lower expectations for the full year, for a deficit of USD 165-175 million, compared to the previously expected deficit of USD 111-120 million.

Photo: Thomas Tolstrup

Torm has made a deal with private equity fund Oaktree to sell four MR product tankers, says the carrier in a brief to the stock exchange on Friday. One of Torm's banks has executed a specific option given to the bank as part of the restructuring agreement, according to the statement.

Torm's long path toward a profit 

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