torm

Finance

Torm Negotiates with Investor Groups to Stave Off Bankruptcy

(Dow Jones) Danish tanker and bulk vessel operator Torm A/S (TORM.KO) said Tuesday it is in final talks with two international groups of investors for a

Finance

Torm Seeks Reduction in Capital Expenditures, Cancels Newbuild of Product Tanker

Danish shipping company Torm A/S (TORM.KO) has entered into an agreement to cancel one medium range (MR) product tanker newbuilding, which was scheduled for

Finance

TORM Announces Sale of Medium Range Product Tanker

TORM has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. TORM Lana will be

Finance

Torm Tankers is “Sailing on the Edge of Bankruptcy, Analyst

STOCKHOLM (Dow Jones)–Troubled Danish shipping company Torm A/S (TORM.KO) expects to announce an extension of its financing agreement Thursday or