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Torm PLC
Torm PLC
Exchange: Nasdaq Global Select
IPO Date: 19/04/2016
CEO: Mr. Jacob Balslev Meldgaard
Oil & Gas Midstream Energy 🔗
  • TRMD
    symbol
  • 8.68
    price
  • 698488320
    market cap
  • 0.1
    changes
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Old Price $12 Current Price $12

TORM Plc engages in the ownership and operation of product tankers. The firm operates through two segments: The Tanker Segment and the Bulk Segment. In the Tanker Segment, the Company provides services, such as transportation of refined oil products, such as gasoline, jet fuel and naphtha. In the Bulk Segment, the Company provides services, such as transportation of dry cargo, including commodities, such as coal, grain and iron ore. The firm has a fleet of over 70 vessels on-the-water and approximately seven new buildings. The company focuses on various product tanker segments, including LR2, LR1, MR and Handy. Its LR2 fleet has an overall length of approximately 245 meters and cargo capacity of 90 – 110,000 deadweight tonnage (dwt). Its LR1 fleet has an overall length of approximately 230 meters and cargo capacity of 72 – 75,000 dwt. Its MR fleet has an overall length of approximately 180 meters and cargo capacity of 45 – 55,000 dwt. Its Handy fleet has an overall length of approximately 180 meters.

Address: Birchin Court 20 Birchin Lane LONDON EC3V 9DU

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