Company Profile



Stock data as of

Last: 8.44
Change: 8.65(1618320600%)
Vol: 20700
Open: Tue April 13, 2021 1:30 PM
Low: 0
High: -0.21
Mkt: 4235.797

About TORM A/S

TORM Plc engages in the ownership and operation of product tankers. The Company’s activities are primarily the transportation of clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. The firm has an in-house operating and management platform, which performs commercial, administrative and technical management for its vessels. Through this integrated platform, it handles the commercial management of all its vessels and the technical management of all its owned vessels, other than three vessels managed by an unaffiliated third party. The firm operates through its product tanker segment. With vessels varying in size from 35,000-114,000 dwt., the Company operates a fleet of product tankers. The Company’s vessels include TORM Gudrun, TORM Tevere, TORM Camilla, TORM Mary, TORM Caroline, TORM Thyra, TORM Gerd, TORM Hardrada, TORM Freya, TORM Gertrud, TORM Vita, TORM Helvig, TORM Ragnhild and TORM Carina.

Recent News

Capital increase in TORM in connection with delivery of vessel

Fri, 09 Apr 2021 03:30:00 -0400 - 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 877,128 A-shares (corresponding to USD 8,771.28) as a result of the delivery of the first vessel of the transaction, the MR vessel TEAM Corrido.

Capital increase in TORM due to exercise of Restricted Share Units as part of the Company's incentive program

Tue, 30 Mar 2021 03:30:00 -0400 - TORM plc (“TORM”) increases its share capital by 17,511 A-shares (corresponding to a nominal value of USD 175.11) as a result of the exercise of a corresponding number of Restricted Share Units.

Shipping, Containers And Energy Are Potential Beneficiaries From Suez Blockade

Thu, 25 Mar 2021 13:12:39 -0400 - The Suez Canal blockade is potentially worse than Bloomberg and other financial media currently report. There's consensus a longer-duration blockade could be disruptive.

TORM plc's (TRMD) CEO Jacob Meldgaard on Q4 2020 Results - Earnings Call Transcript

Mon, 01 Mar 2021 14:02:03 -0500 - TORM plc's (TRMD) CEO Jacob Meldgaard on Q4 2020 Results - Earnings Call Transcript

TORM plc – Notice of and complete proposals for the Annual General Meeting 2021

Mon, 01 Mar 2021 08:52:00 -0500 - Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 14 April 2021.

TORM plc Annual Report 2020

Mon, 01 Mar 2021 02:23:00 -0500 - “I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 2020. I am further pleased that our commitment to minimize environmental impact has enabled us to reduce greenhouse gas emissions by 22% since 2008, showing a clear path towards our ambitious target of 40% reduction by 2030.” says Mr. Jacob Meldgaard, Executive Director.

TORM purchases eight MR product tankers with chemical trading capabilities from TEAM Tankers in a partly share-based transaction

Mon, 01 Mar 2021 02:09:00 -0500 - TORM has today entered into an agreement to purchase eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd. for a total cash consideration of USD 82.5m and the issuance of 5.97 million shares. The transaction will increase TORM's total fleet to 83 vessels on a fully delivered basis.

TORM plc to announce the full-year 2020 results

Mon, 22 Feb 2021 08:00:00 -0500 - 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 2020 on Monday, 1 March 2021.

54 10%+ Yield Dividend Stocks Priced $5-$25 For February

Fri, 12 Feb 2021 04:34:16 -0500 - These dividend dog 10%+ Yield @ $5-$25 prices are all sourced from YCharts which allows a dividend yield to persist for 365 days after the most recent report if a dividend is cut. Analyst top ten target net gain estimates for top ten bargain basement dogs 2/10/21 ranged 14.09%-34.06% from SOLLY, SHLX, HMLP, MAGS, OKENF, BPMP, MPLX, TRMD, CHMI, and top pick, KNOP per YCharts data.

A Backdoor Play On Rising Petroleum Demand: TORM Plc

Tue, 26 Jan 2021 21:28:58 -0500 - Gasoline and crude oil inventories remain bloated worldwide, hurting the demand and pricing of tanker services. TORM is well-run, has a clean balance sheet, and holds pent-up value for investors.