TORM PLC Class A
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Jacob Balslev Meldgaard
- Full Time Employees
- 481
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- 120 Cannon Street London United Kingdom EC4N 6AS
- IPO Date
- Apr 19, 2016
- Website
- torm.com
- Similar Companies
- Business
- TORM plc is a United Kingdom-based shipping company specializing in the ownership and operation of a fleet of product tankers primarily configured for the transportation of refined oil products including gasoline, jet fuel, kerosene, naphtha, diesel oil, and fuel oil. The company operates in two segments: Tanker, which provides shipping services to transport clean and dirty petroleum products; and Marine Engineering, which focuses on the development and production of advanced, environmentally friendly marine equipment such as exhaust gas cleaning systems and energy-saving solutions for vessels and land-based operations. Founded in 1889 and headquartered in London, TORM operates a modern fleet of around 90 vessels varying between 45,000 and 114,000 deadweight tonnage, including classes LR2, LR1, and MR, serving customers globally. In 2025, TORM has made significant strategic moves including the acquisition of full ownership of ME Production, a Danish specialist in advanced marine and energy equipment, enhancing its environmental and technical capabilities. This acquisition strengthens TORM’s position in developing clean technologies and supports its environmental goals, including having achieved a 40% reduction in CO2 intensity compared to 2008, ahead of the IMO 2030 target. Additionally, the company secured up to USD 857 million in financing commitments to refinance existing syndicated loans and lease agreements, improving its capital flexibility and extending the maturity profile of its debt. TORM is also expanding its fleet with agreements to acquire additional vessels, expected to increase the total fleet size to 92 by the end of 2025. TORM’s integrated business model, "One TORM," along with its international operational footprint including offices in the UK, USA, and Singapore, positions it as a leading provider in the product tanker market with a focus on efficiency, safety, and environmental responsibility. The company continues to deliver market-leading financial performance and maintain a strong commitment to sustainability in the maritime industry. Its product and service portfolio enables it to serve energy companies, refiners, and chemical producers worldwide with reliable transportation and innovative marine engineering solutions.
Company News
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TORM plc Upgrades Full-Year Guidance
TORM plc Announces Change to the Board
TORM plc Announces Change to the Board
Major Shareholder Announcement
TORM plc announces closing of secondary public offering of its class A common shares
Contrasting Nordic American Tankers (NYSE:NAT) and Torm (NASDAQ:TRMD)
TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program
TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program
TORM plc announces pricing of secondary public offering of its class A common shares
TORM plc announces secondary public offering of its class A common shares by a selling shareholder
TORM: The Dividend Is Real, But Spot Rates Won't Last Forever
Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons
Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons
Torm PLC - Major Shareholder Announcement
Torm PLC - Major Shareholder Announcement
Torm (NASDAQ:TRMD) Stock: Insider Kim Balle Sells 15,000 Shares
Torm (NASDAQ:TRMD) Stock: Insider Kim Balle Sells 20,000 Shares
Torm (NASDAQ:TRMD) Shares Gap Down – Here’s Why