Torm chooses purchase options over expensive newbuilds
- Torm CEO Jacob Meldgaard believes newbuilding lead times are too long and price levels too high
- Danish product tanker operator exercises purchase options on 13 leased vessels
- Torm posts second-quarter revenues of $315.2m, compared with $329.1m in 1Q25
Torm chief says the company would only consider placing orders for new ships if prices drop
