Major impairment hits Torm with USD 142 million loss in 2016

A large impairment of USD 185 million dragged Torm into a USD 142 million deficit in 2016. Like the rest of the tanker market, the carrier came under pressure from the sliding demand for tanker vessels in the second half of the year. The carrier will no longer publish its expectations.

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Danish Shipping: The challenge of sulfur cheating is real

The risk of carriers cheating with sulfur requirements to benefit financially is a real threat to law-abiding shipowners from 2020, says Maria Skipper Schwenn, Executive Director of Danish Shipping. She rejects the criticism that that the industry is exerting too much energy chasing ghosts.

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