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ShippingLab: Denmark Wants to Be a Driver of Smart Shipping

autonomous ship

The journey towards Denmark's first autonomous and green ship starts this March.

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TORM: Product Tanker Market to Benefit from 2020 Sulphur Cap

tankers

IMO sulphur cap will lead to an incremental increase in product tanker trade during 2019 and 2020, TORM believes. 

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FSL Trust Takes Damage Claims against Torm to English Court

Gavel

First Ship Lease Trust has launched a litigation procedure against vessel owner Torm Singapore Pte.

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TORM Optimistic of Product Tanker Long-Term Prospects

Tanker

TORM's earnings plunged in the third quarter of 2018 amid historically low levels in the product tanker market.

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TORM Sets Up Scrubber JV with ME Production and GSI

Scrubber

TORM sets up joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International.

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TORM, NYK to Install Alfa Laval’s BWMS on 80 Ships

Alfa Laval stand at SMM

 TORM and JNYK contracted Alfa Laval to retrofit a total of 80 ships with ballast water management systems.

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TORM's Newbuildings to Feature Scrubbers

Tanker

TORM unveiled plans to install scrubbers on 14 of its vessels in an effort to prepare for the 2020 sulfur cap.

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Another 11 Ships to Fly the Danish Flag

Danish flag

Danish shipping registries will soon expand with another 11 vessels which are set to fly the Danish flag.

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TORM's Profit Dwindles due to Weaker Rates

TORM vessel

Denmark's TORM saw its earnings drop in the first quarter of the year, driven by weak freight rates.

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TORM Adds Three MRs to Its Orderbook

TORM exercises options for the construction of three MR newbuilds at Guangzhou Shipyard International (GSI).

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TORM Profitable in 2017 despite Challenging Market

TORM managed to remain profitable in 2017, despite a challenging product tanker market.

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TORM Names Second LP2 Newbuild

TORM takes delivery of TORM Hermia, an LR2 product tanker newbuilding.

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TORM Raises USD 100 Mn for Fleet Growth

TORM raised USD 100 million through a private placement of new Class A common shares. 

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TORM Buys Six MR Resale Tankers

Copenhagen-based shipping company TORM purchased six MR resale vessels for a total of USD 185 million during the ...

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Torm Expands Fleet with New Tonnage

Danish shipping company TORM has expanded its fleet as it took delivery of two newbuilding MR2 chemical/product ...

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Product Tanker Woes Hit TORM's Earnings

Pressured by a difficult product tanker market, Danish shipping company TORM ended the second quarter of 2017 with ...

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Torm Is On a Roll

Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two ...

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Torm Buys Four MR Resales from Guangzhou Shipyard

Danish shipping company TORM has entered into an agreement to purchase four fuel-efficient MR resale vessels from ...

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TORM Reports Profit Dip

As a result of the challenging tanker market, Danish shipping company TORM ended the first quarter of this year ...

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TORM Inks Sale and Leaseback for Tanker Duo

Danish shipping company TORM has reached an agreement to sell and leaseback two of its vessels, the LR2 tanker TORM ...

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TORM Secures Financing for LR2 Newbuildings

Danish shipping company TORM has entered into a financing agreement for four LR2 newbuildings scheduled ...

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