- CEO
- Jacob Balslev Meldgaard
- Full Time Employees
- 481
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- Office 105 London LO United Kingdom EC3R 8HL
- IPO Date
- Nov 5, 2007
- Business
- TORM plc is a marine transportation and energy logistics company that specializes in the shipping and supply of refined petroleum products and crude oil by tanker. The group operates a modern fleet of owned and chartered vessels and provides freight services, ship management, and related support activities to global oil and energy markets. Primary business activities include crude oil transportation, refined product deliveries, and related logistics services, underpinned by ocean-going tanker operations and vessel chartering arrangements.
Main products and services: crude oil and refined product transportation by tanker; voyage and time-charter services; fleet ownership, operation, and technical management; bunker and port services; risk management and commercial operations; fuel procurement and trade support; maritime logistics and supply chain optimization; chartering and freight brokerage; ship agency and crewing services.
Latest major company changes: announces strategic partnerships and alliances to optimize global trading routes and expand cargo coverage; engages in project financing rounds and debt refinancings to support fleet investment; completes acquisitions of compatible tanker assets or related service providers; launches enhanced digital platforms for voyage optimization, cargo tracking, and risk analytics; implements organizational restructurings to streamline operations and align with post-pandemic market dynamics; expands geographically through new trading routes and increased presence in key energy hubs.
Additional context: operates in the marine transportation and energy logistics sector with a focus on crude oil and refined products; serves oil companies, refiners, traders, and energy producers; geographic footprint spans major global trade routes and energy hubs, with headquarters in a European jurisdiction and a diversified fleet serving international markets; subsidiaries and parent relationships exist within the corporate group.