Torm Plc - Company Profile
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Business Description
Torm Plc (Torm) is a Denmark-based shipping company, which owns and operates a large network of refined oil product carriers. It offers transportation services for refined products such as gasoline, kerosene, jet fuel, naphtha, gas oil, and fuel oil. The company operates in two key business segments: Tanker segment and the Marine Engineering segment. The company offers its transportation services through subsidiaries and joint ventures in Denmark, Singapore, the UK, India, the Philippines, and the US. In FY2024, the company incurred a capital expenditure of US$583.5 million which was 37.4% of the company's total revenue and grew 14.4% YoY.
Business Segments
Overview
Offers transportation services for refined oil products and chemicals, through its wholly owned fleet ranging from 45,916 DWT to 119,456 DWT.
Performance
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Overview
Develops and produces advanced green marine equipment. Also offers installation services for marine exaust equipment.
Performance
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