News & Videos - TORM PLC

TORM plc (“TORM”) increases its share capital by 19,494 A-shares (corresponding to a nominal value of USD 194.94) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. All the 19,494 new shares have been subscribed for in cash at DKK 47.4 per A-share. All with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights and are...

TORM plc (“TORM”) increases its share capital by 106,121 A-shares (corresponding to a nominal value of USD 1,061.21) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. 81,310 of the new shares have been subscribed for in cash at DKK 47.4 per A-share, the remaining 24,811 of the new shares have been subscribed for in cash at DKK 43.4 per A-share. All with a...

“ The market for refined oil is at present negatively impacted by the restricted crude supply not meeting demand, thereby drawing onshore stocks resulting in stock levels that are below five-year lows in several regions. This imbalance has led to historically low product tanker freight rates in the third quarter of 2021, resulting in an EBITDA of USD 30.4m and a loss before tax of USD -14.1m,” says Executive Director Jacob Meldgaard and adds: “ In these challenging times, TORM continues a...

TORM plc (“TORM”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2021 on Wednesday, 10 November 2021. TORM’s results will be presented on a live webcast via TORM’s website at 09:00 am Eastern Time / 03:00 pm Central European Time. Participants should register approximately ten minutes prior to the event. There will be a simultaneous conference call. For participation in the call, please dial +45 3271...

Pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, TORM plc hereby announces that: Oaktree Capital Group Holdings GP, LLC has informed TORM plc that OCM Njord Holdings S.à.r.l. holds an aggregate of 53,812,989 shares in TORM plc, corresponding to 66.35% of the total share capital and 93.67% of the total voting rights in TORM plc. OCM Njord Holdings S.à.r.l. thus holds 53,812,988 A-shares and the sole C-share of nominally USD 0.01 with special...

TORM plc (“TORM”) increases its share capital by 54,905 A-shares (corresponding to a nominal value of USD 549.05) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. 54,905 of the new shares have been subscribed for in cash at DKK 43.4 per A-share, all with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights and are...

TORM plc (“TORM”) increases its share capital by 88,399 A-shares (corresponding to a nominal value of USD 883.99) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. 88,399 of the new shares have been subscribed for in cash at DKK 43.4 per A-share, all with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights and are...

“In the second quarter of 2021, TORM achieved an EBITDA of USD 45m and a profit before tax of USD 2.4m, despite a market which is still impacted by the pandemic. In Q2 2021 , we have seen an increase of USD 81 m in vessel market values, corresponding to approximately 5 % , supporting the expectation of a recovering product tanker market” says Executive Director Jacob Meldgaard. In the second quarter of 2021, TORM achieved TCE rates of USD/day 14,591 (2020, same period: USD/day 25,274) and an...

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2021 on Tuesday, 10 August 2021. The Company’s results will be presented at a conference call at 09:00 am Eastern Time / 03:00 pm Central European Time. If you wish to participate in the call, please dial +45 3272 0417 (or +1 (646) 741 3167 for US connections) at least ten minutes prior to the start of the...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 824,895 A-shares (corresponding to USD 8,248.95) as a result of the delivery of the eighth vessel of the transaction, the MR vessel Team Allegro. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 730,057 A-shares (corresponding to USD 7,300.57) as a result of the delivery of the seventh vessel of the transaction, the MR vessel Team Leader. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 668,423 A-shares (corresponding to USD 6,684.23) as a result of the delivery of the sixth vessel of the transaction, the MR vessel Team Voyager. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares have...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 695,768 A-shares (corresponding to USD 6,957.68) as a result of the delivery of the fifth vessel of the transaction, the MR vessel Team Discoverer. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...

TORM plc (“TORM”) increases its share capital by 12,405 A-shares (corresponding to a nominal value of USD 124.05) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. All the new shares have been subscribed for in cash at DKK 43.4 per A-share, all with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights and are...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 564,232 A-shares (corresponding to USD 5,642.32) as a result of the delivery of the fourth vessel of the transaction, the MR vessel Team Adventurer. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 782,546 A-shares (corresponding to USD 7,825.46) as a result of the delivery of the third vessel of the transaction, the MR vessel Team Cavatina. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...

“In the first quarter of 2021, TORM achieved an EBITDA of USD 19m, in a market which continues to be impacted by the pandemic. Further I am pleased that we have just purchased three LR2 vessels on top of the eight MR vessels acquired earlier this year ” says Executive Director Jacob Meldgaard . In the first quarter of 2021, TORM achieved TCE rates of USD/day 13,493 (2020, same period: USD/day 23,642) and an EBITDA of USD 18.9m (2020, same period: USD 101.5m). The loss before tax amounted to...

TORM has today entered into an agreement to purchase the three 2015-built scrubber-fitted and fuel-efficient LR2 vessels Nissos Schinoussa, Nissos Heraclea and Nissos Therassia from Okeanis Eco Tankers Corp. for a total consideration of USD 120.8m. The vessels are expected to be delivered during the remainder of the second quarter and the third quarter of 2021. TORM has obtained commitment for the financing of two of the vessels from Danish Ship Finance for USD 60.0m subject to finalization of...

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the first quarter of 2021 on Wednesday, 12 May 2021. The Company’s results will be presented at a conference call at 9:00 am Eastern Time / 3:00 pm Central European Time. If you wish to participate in the call, please dial +45 3272 0417 (or +1 (646) 741 3167 for US connections) at least ten minutes prior to the start of the call to ensure...

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 824,864 A-shares (corresponding to USD 8,248.64) as a result of the delivery of the second vessel of the transaction, the MR vessel Team Amorina. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares...