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Torm PLC
CSE:TRMD A

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Torm PLC
CSE:TRMD A
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Price: 134.2 DKK 2.68%
Market Cap: 13.1B DKK
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Torm PLC
Investor Relations

Torm PLC, a distinguished name in the maritime industry, navigates through the world's oceans as one of the leading product tanker companies. Based in Denmark, Torm operates a modernized fleet of vessels that transport refined oil products, such as gasoline, diesel, and jet fuel, across the globe. These transactions are not merely mundane logistical feats but are pivotal in connecting refineries with markets that thirst for energy. The company thrives on the complex yet efficient orchestration of managing voyage charters and time charters. Voyage charters involve the transportation of cargo for a single voyage between load port and discharge port at a fixed rate, while time charters lease vessels for a set period, providing steady revenue regardless of market fluctuations. Torm’s prowess lies in its ability to leverage these operational strategies, optimizing routes and timing shipments to capitalize on market dynamics.

The company's financial engine is powered not just by its operational excellence but also by its strategic adaptability. Torm employs a flexible business model that allows it to adjust its fleet deployment to either spot or charter contracts based on market conditions, optimizing profitability. This approach is complemented by an integrated internal platform that ensures timely decisions backed by data-driven insights, seamlessly coupling operational acumen with real-time maritime intelligence. Torm also emphasizes the focus on sustainability by advancing in eco-efficient operations, which aligns with global regulatory adherence and burgeoning demand for environmentally conscious solutions. In essence, Torm PLC weaves together a comprehensive strategy that not only transports crucial products efficiently across the seas but also advances the company’s standing as a stalwart in the economically vital maritime sector.

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Management

Mr. Jacob Balslev Meldgaard
CEO & Executive Director
No Bio Available
Mr. Kim Balle
Chief Financial Officer
No Bio Available
Mr. Morten Agdrup
VP and Head of Corporate Finance & Strategy
No Bio Available
Mr. Jesper Sondergaard Jensen
Senior VP & Head of Technical Division
No Bio Available
Mr. Mikael Bo Larsen
Head of Investor Relations
No Bio Available
Mr. Lars Vang Christensen
Senior VP & Head of Projects
No Bio Available
Andreas Abildgaard-Hein
Vice President
No Bio Available

Contacts

Address
London
Birchin Court, 20 Birchin Lane
Contacts
+442032866222.0
www.torm.com