Torm Plc - Company Profile
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Torm Plc (Torm) is a shipping company that transports refined products such as gasoline, jet fuel, and naphtha, and others from the refineries to the end-user. Operational fleet, order book, and market presence are its strengths. Increasing debt remains a cause for concern to the company. Strategic agreement, global growth in demand for oil, and expansion into low carbon fuel transport could benefit its operations. The cyclical nature of the tanker industry, fluctuating oil and gas prices and competition could affect its operations.
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