Danish shipping company TORM acquires 8 second-hand MR tankers for $340M in Q3-Q4 2024.
Danish shipping company TORM has agreed to acquire 8 second-hand MR tankers for $340M, with $238M in cash and 2.65M shares. Built in 2014-2015, they're equipped with scrubbers and set for delivery in Q3-Q4 2024. The purchase is financed through traditional bank loans, and 6 of the vessels are already fitted with scrubbers. TORM currently operates a fleet of approximately 90 product tanker vessels.
July 15, 2024
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