Torm Plc - Company Profile
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Torm Plc (Torm) is a shipping company serving the oil and gas sector. The company's primary activities involve the transportation of refined oil products and chemicals, utilizing its wholly owned fleet of product tankers. It's services are primarily used by refineries and their customers, who require efficient and responsive transportation of their products. Torm's trade route includes Trans-Atlantic trade, Intra-Americas, Europe and the US to West Africa, Arabian Gulf, and India to Europe, Arabian Gulf, and Europe to the Far East, South Korea to California, and Intra-Asia. The company has operations in countries including the US, Singapore, Philippines, India, Norway, Denmark, Bermuda, and Mauritius among others. Torm is headquartered in London, Greater London, the UK.
Headquarters
United Kingdom
Address
120 Cannon Street, London, England, EC4N6AS
Website
www.torm.com
Telephone
44 204 6010590
No of Employees
4,197
Industry
Energy and Utilities
Ticker Symbol & Exchange
TRMD A (CPH)
Revenue (2024)
$1.6B
2.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-5.5%
(2024 vs 2023)
Market Cap*
$2.8B
Net Profit Margin (2024)
XYZ
-7.9%
(2024 vs 2023)
* As of and is in US$
Torm Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Marine Exhaust | Marine Exhaust Installation |
| Product Tanker Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Others | In December, the company's 13.97% stake was acquired by Hafnia Ltd. |
| 2025 | Acquisitions/Mergers/Takeovers | In June, the company's subsidiary TORM AS acquired 25% ownership stake in ME Production (MEP). |
| 2024 | Asset Purchase | In September, the company acquired eight second-hand MR vessels. |
Competitor Comparison
| Key Parameters | Torm Plc | A.P. Moller - Maersk AS | Mitsui OSK Lines Ltd | Frontline Plc | Odfjell SE |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | Denmark | Japan | Cyprus | Norway |
| City | London | - | Minato | Limassol | Bergen |
| State/Province | England | - | Tokyo | - | - |
| No. of Employees | 4,197 | 104,890 | 10,500 | 85 | 2,319 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Simon Mackenzie Smith | Chairman | Executive Board | 2025 | - |
| Jacob Meldgaard | Chief Executive Officer | Executive Board | 2015 | - |
| Kim Balle | Chief Financial Officer | Senior Management | - | - |
| Jesper S. Jensen | Head - Technical Division | Senior Management | - | - |
| Lars Christensen | Head - Projects | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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