Denmark: TORM Sells Its Shares in JV Entity Ugland & TORM Shipowning

  TORM has entered into an agreement to sell its 50% stake in the joint venture entity Ugland & TORM Shipowning ApS. The joint venture’s main asset is a 2007-built LR1 vessel, TORM Ugland. The transaction leads to a P&L loss of approximately USD 5 million, which will be recognized in the financial statements in [...]