TORM reports record quarterly profits and raises annual guidance
The firm reported $512 million in time charter equivalent earnings, approved a $2.40 per share dividend, and outlined additional vessel acquisitions through 2030.
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Owner and operator of product tankers
torm.comLast updated
In short: TORM reported record quarterly profits, raised its 2026 guidance, and expanded its fleet with its first newbuilding order in eight years.
The firm reported $512 million in time charter equivalent earnings, approved a $2.40 per share dividend, and outlined additional vessel acquisitions through 2030.
Effective October 2026, she joins following a planned succession process. The board simultaneously promotes Annette Malm Justad to Senior Independent Director.
The company issued 215,635 new A-shares to settle vested restricted share units as part of the incentive program.
EBITDA rose to USD 201m, net profit USD 122m, and dividend set at USD 0.70 per share.
Hafnia (HAFN) said early Wednesday it has agreed to acquire 4.5 million class A shares in TORM (TRMD) at $32.25 per share, representing about 4.4...
Torm's shares were under pressure after investor OCM Njord Holdings priced an offering of the oil-tanker operator's shares. In premarket trading, Torm's shares were 6.5...
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The shipping company Torm, which owns and manages approximately 90 ships, has released its accounts for the first half of 2026.
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