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Latest TORM News & Updates

See the latest news and media coverage for TORM. We track all announcements, press releases, and industry mentions in real time, all in one place.

Company icon
TORM

Owner and operator of product tankers

torm.com
Headquarters
Copenhagen, Denmark
Founded year
1889
Company type
Public company
Number of employees
2,300–5,000
Industry
Marine Freight & Logistics

Last updated

Latest news about TORM

In short: TORM raised its 2026 earnings outlook and reported record second-quarter results amid exceptional tanker-market strength.

Company announcements

TORM

TORM plc appoints Jann Brown to its board

Effective October 2026, she joins following a planned succession process. The board simultaneously promotes Annette Malm Justad to Senior Independent Director.

TORM

TORM announces Oaktree Capital Group Holdings GP LLC holds over 19% stake

Oaktree Capital subsidiary OCM Njord Holdings owns 20.3 million shares in TORM plc as of June 24, 2026, representing 19.86% of total voting rights per Danish Capital Markets Act disclosure.

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Media coverage

Investing.com

TORM PLC shares hit a 52-week high at $42.06

In other recent developments, TORM PLC reported record second-quarter 2026 revenue of $662.8 million, significantly surpassing Wall Street's expectations of $506.92 million. Despite the strong revenue performance, the company's adjusted earnings per share were $3.25, slightly below market expectations of $3.30. The results were driven by tensions in the shipping market triggered by geopolitical situations in the Middle East. Evercore ISI raised its price target for TORM from $37 to $38 and maintained an "Outperform" rating on the stock. The firm's decision was primarily based on the overall strength of TORM's fleet, although the company's EPS of $3.26 failed to meet Evercore ISI's estimate of $3.90. Additionally, spot freight rates for TORM's core segments were below expectations, and operating costs exceeded forecasts. These factors reflect the complex dynamics affecting TORM's financial performance and market outlook...

Finans

Torm shares skyrocket after upgrade

Shares in the tanker shipping company Torm surge on Monday afternoon after the company upgraded its outlook for the year.

WOWK-TV

TORM plc Announces Change to the Board

HELLERUP, Denmark, Oct. 9, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) announces that, following Oaktree Capital Management and its...

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